104 Rainbow DriveBrickNJ08724
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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 104 Rainbow Drive, Brick, NJ, 08724 priced at $500,000 pairs $3,622/mo rent with $58/mo cash flow after a $2,447/mo payment. Total monthly income equals $3,622/mo, and annual cash flow comes to $700/yr on $165,750 invested. Return on cash invested is 20.33% in year one, and rental yield stands at 8.69% on a $500,000 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,141 by year five. Five-year ROI measures 106.35% and total cumulative return in cash reaches $176,276. For financing, Ziffy Mortgage’s DSCR program evaluates $3,622/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
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Listed by: Anna T D'Agostino • Coldwell Banker Realty
Mls Name: MoreMLS
Mls ID: #22519707