108 Elm DriveNeptuneNJ07753
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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 Neptune at 108 Elm Drive, Neptune, NJ, 07753 priced at $609,000 pairs $4,501/mo rent with $160/mo cash flow after a $2,981/mo payment. Total monthly income equals $4,501/mo, and annual cash flow comes to $1,919/yr on $200,361 invested. Return on cash invested is 21.02% in year one, and rental yield stands at 8.87% on a $609,000 basis. Equity gained on principal adds $3,930/yr, and 5% annual appreciation accumulates to $168,255 by year five. Five-year ROI measures 109.99% and total cumulative return in cash reaches $220,385. For financing, Ziffy Mortgage’s DSCR program evaluates $4,501/mo property income against a $2,981/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07753, Neptune, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,978 (100%) |
| Owner Occupied HU | 10,727 (63.2%) |
| Renter Occupied HU | 5,243 (30.9%) |
| Vacant Housing Units | 1,008 ( 5.9%) |
| Median Home Value | $469,423 |
| Average Home Value | $541,040 |
Housing Distribution
Address Breakdown
Residential
16,140
Single Family
14,110
Multi-Family
2,030
Businesses
1,097
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Listed by: Denise Ripnick • Weichert Realtors-Rumson
Mls Name: MoreMLS
Mls ID: #22600720