107 Penhook RoadForked 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
Rental property for sale in Forked River at 107 Penhook Road, Forked River, NJ, 08731 priced at $1,250,000 converts $6,420/mo rent into after a $6,118/mo obligation. Total monthly income equals $6,420/mo. Return on cash invested prints 12.99% in year one, and rental yield reads 6.16% against a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation compiles into $345,352 by year five. Five-year ROI reaches 66.92% and total cumulative return in cash sums $271,033. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,420/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Single Family
Built in 1980
5.33 Acres 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: George Russ • Keller Williams Realty West Monmouth
Mls Name: MoreMLS
Mls ID: #22521433