11 Rimwood LaneCOLTS NECKNJ07722
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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 COLTS NECK at 11 Rimwood Lane, COLTS NECK, NJ, 07722 offers $3,583/mo rent that, after a $5,262/mo payment. Total monthly income is $3,583/mo. Return on cash invested measures 6.31% in year one, and rental yield stands at 4% at a $1,075,000 entry. Equity gained on principal adds $6,937/yr while 5% annual appreciation compounds into $297,003 by year five. Five-year ROI records 31.11% and total cumulative return in cash reaches $108,354. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,583/mo property income versus a $5,262/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07722, Colts Neck, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,525 (100%) |
| Owner Occupied HU | 3,103 (88.0%) |
| Renter Occupied HU | 274 ( 7.8%) |
| Vacant Housing Units | 148 ( 4.2%) |
| Median Home Value | $966,924 |
| Average Home Value | $1,135,715 |
Housing Distribution
Address Breakdown
Residential
3,511
Single Family
3,511
Multi-Family
0
Businesses
441
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Listed by: William Kilbride • Compass New Jersey LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22508734
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.