12 Lance DriveBrickNJ08723
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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
Investment property for sale in Brick at 12 Lance Drive, Brick, NJ, 08723 uses $117,649 cash to close to unlock $12,245/yr annual cash flow and $1,020/mo monthly cash flow. Total monthly income runs $3,550/mo, and a $1,737/mo payment keeps the spread at $1,020/mo. Purchase price stands at $354,900, and rental yield measures 12% with $3,550/mo rent. Return on cash invested shows 30.32% in year one, and 5% annual appreciation builds toward $98,052 over five years. Five-year ROI reaches 159.91% and total cumulative return in cash records $188,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,550/mo property income covering a $1,737/mo payment rather than investor’s personal income.
Single Family
Built in 1980
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08723, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,926 (100%) |
| Owner Occupied HU | 10,737 (71.9%) |
| Renter Occupied HU | 2,777 (18.6%) |
| Vacant Housing Units | 1,412 ( 9.5%) |
| Median Home Value | $458,857 |
| Average Home Value | $535,159 |
Housing Distribution
Address Breakdown
Residential
13,974
Single Family
13,359
Multi-Family
615
Businesses
1,178
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Listed by: James Dattoli • RE/MAX Bay Point Realtors
Mls Name: MoreMLS
Mls ID: #22600459