1 E Point RoadLincroftNJ07738
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lincroft at 1 E Point Road, Lincroft, NJ, 07738 priced at $995,000 converts $5,801/mo rent into after a $4,870/mo obligation. Total monthly income equals $5,801/mo. Return on cash invested prints 15.33% in year one, and rental yield reads 7% against a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation compiles into $274,900 by year five. Five-year ROI reaches 79.48% and total cumulative return in cash sums $260,166. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,801/mo property income covering a $4,870/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07738, Lincroft, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,618 (100%) |
| Owner Occupied HU | 2,199 (84.0%) |
| Renter Occupied HU | 331 (12.6%) |
| Vacant Housing Units | 88 ( 3.4%) |
| Median Home Value | $812,720 |
| Average Home Value | $857,824 |
Housing Distribution
Address Breakdown
Residential
2,554
Single Family
2,305
Multi-Family
249
Businesses
232
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David DeSocio • RE/MAX First Class
Mls Name: MoreMLS
Mls ID: #22601204