1 Reef PlaceBrickNJ08723
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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 Brick at 1 Reef Place, Brick, NJ, 08723 offers $3,043/mo rent that, after a $1,806/mo payment, leaves $413/mo cash flow. Total monthly income is $3,043/mo, and annual cash flow is $4,955/yr on $122,324 cash. Return on cash invested measures 23.96% in year one, and rental yield stands at 9.9% at a $369,000 entry. Equity gained on principal adds $2,381/yr while 5% annual appreciation compounds into $101,948 by year five. Five-year ROI records 125.8% and total cumulative return in cash reaches $153,879. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,043/mo property income versus a $1,806/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08723, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,926 (100%) |
| Owner Occupied HU | 10,737 (71.9%) |
| Renter Occupied HU | 2,777 (18.6%) |
| Vacant Housing Units | 1,412 ( 9.5%) |
| Median Home Value | $458,857 |
| Average Home Value | $535,159 |
Housing Distribution
Address Breakdown
Residential
13,974
Single Family
13,359
Multi-Family
615
Businesses
1,178
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Listed by: Elizabeth DeFeo • Diane Turton, Realtors-Wall
Mls Name: MoreMLS
Mls ID: #22527139