115 Cedar LnBarnegatNJ08005
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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 Barnegat at 115 Cedar Ln, Barnegat, NJ, 08005 offers $949/mo rent that, after a $582/mo payment, leaves $101/mo cash flow. Total monthly income is $949/mo, and annual cash flow is $1,215/yr on $39,449 cash. Return on cash invested measures 22.99% in year one, and rental yield stands at 9.57% at a $119,000 entry. Equity gained on principal adds $768/yr while 5% annual appreciation compounds into $32,878 by year five. Five-year ROI records 120.69% and total cumulative return in cash reaches $47,609. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $949/mo property income versus a $582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08005, Barnegat, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,272 (100%) |
| Owner Occupied HU | 9,490 (77.3%) |
| Renter Occupied HU | 1,615 (13.2%) |
| Vacant Housing Units | 1,167 ( 9.5%) |
| Median Home Value | $446,945 |
| Average Home Value | $462,761 |
Housing Distribution
Address Breakdown
Residential
12,355
Single Family
12,093
Multi-Family
262
Businesses
451
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Listed by: Jennifer Francis • RE/MAX at Barnegat Bay - Forked River
Mls Name: Bright MLS
Mls ID: #NJOC2037196