1207 Holly PlaceSpring LakeNJ07762
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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 Spring Lake at 1207 Holly Place, Spring Lake, NJ, 07762 generates $5,482/mo in rent, after a $4,650/mo payment. Total monthly income is $5,482/mo. Return on cash invested sits at 15.11% in year one, and rental yield is 6.92% on a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation builds toward $262,467 over five years. Five-year ROI reaches 78.31% and total cumulative return in cash sums $244,766. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,482/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07762, Spring Lake, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,755 (100%) |
| Owner Occupied HU | 2,831 (49.2%) |
| Renter Occupied HU | 1,406 (24.4%) |
| Vacant Housing Units | 1,518 (26.4%) |
| Median Home Value | $888,913 |
| Average Home Value | $1,183,369 |
Housing Distribution
Address Breakdown
Residential
5,253
Single Family
4,594
Multi-Family
659
Businesses
476
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Listed by: Mario Bottieri • Goldstone Realty
Mls Name: MOMLS
Mls ID: #22523121