1024 Sarasota DriveForked RiverNJ08731
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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
Investment property for sale in Forked River at 1024 Sarasota Drive, Forked River, NJ, 08731 uses $124,313 cash to close to unlock $1,110/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $2,765/mo, and a $1,835/mo payment keeps the spread at $93/mo. Purchase price stands at $375,000, and rental yield measures 8.85% with $2,765/mo rent. Return on cash invested shows 20.8% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 108.88% and total cumulative return in cash records $135,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,765/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1985
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08731, Forked River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,048 (100%) |
| Owner Occupied HU | 7,829 (77.9%) |
| Renter Occupied HU | 1,113 (11.1%) |
| Vacant Housing Units | 1,106 (11.0%) |
| Median Home Value | $461,309 |
| Average Home Value | $519,264 |
Housing Distribution
Address Breakdown
Residential
9,457
Single Family
9,457
Multi-Family
0
Businesses
610
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Listed by: Mari Ann Costella • Weichert Realtors-Toms River
Mls Name: MOMLS
Mls Provider:
Mls ID: #22510103
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.