115 Clinton PlaceTinton FallsNJ07724
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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 Tinton Falls at 115 Clinton Place, Tinton Falls, NJ, 07724 offers $3,937/mo rent that, after a $2,442/mo payment, leaves $381/mo cash flow. Total monthly income is $3,937/mo, and annual cash flow is $4,567/yr on $165,419 cash. Return on cash invested measures 22.67% in year one, and rental yield stands at 9.47% at a $499,000 entry. Equity gained on principal adds $3,220/yr while 5% annual appreciation compounds into $137,865 by year five. Five-year ROI records 118.88% and total cumulative return in cash reaches $196,650. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,937/mo property income versus a $2,442/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07724, Eatontown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,755 (100%) |
| Owner Occupied HU | 6,938 (64.5%) |
| Renter Occupied HU | 3,315 (30.8%) |
| Vacant Housing Units | 502 ( 4.7%) |
| Median Home Value | $688,009 |
| Average Home Value | $713,207 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
9,673
Multi-Family
673
Businesses
1,179
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Listed by: Kim D Graham • EXIT Realty East Coast Shirvanian
Mls Name: MoreMLS
Mls ID: #22600881