118 Apgar WayAsburyNJ08802
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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 Asbury at 118 Apgar Way, Asbury, NJ, 08802 offers $1,620/mo rent that, after a $4,204/mo payment. Total monthly income is $1,620/mo. Return on cash invested measures 0.94% in year one, and rental yield stands at 2.26% at a $859,000 entry. Equity gained on principal adds $5,543/yr while 5% annual appreciation compounds into $237,326 by year five. Five-year ROI records 2.34% and total cumulative return in cash reaches $6,615. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,620/mo property income versus a $4,204/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08802, Asbury, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,566 (100%) |
| Owner Occupied HU | 1,380 (88.1%) |
| Renter Occupied HU | 130 ( 8.3%) |
| Vacant Housing Units | 56 ( 3.6%) |
| Median Home Value | $557,955 |
| Average Home Value | $569,612 |
Housing Distribution
Address Breakdown
Residential
1,459
Single Family
1,459
Multi-Family
0
Businesses
86
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Listed by: James Ultimo • Exit Realty Connections
Mls Name: GSMLS
Mls ID: #4005282