122 Walnut DriveSpring LakeNJ07762
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Spring Lake at 122 Walnut Drive, Spring Lake, NJ, 07762 with 5% annual appreciation on a $885,000 basis while $3,889/mo rent supports operations. 09% in year one. Equity gained on principal adds $5,711/yr, and five-year appreciation sums $244,509 alongside rental yield of 5.27%. Five-year ROI measures 51.39% and total cumulative return in cash totals $149,634. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,889/mo property income versus a $4,332/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1978
1,742 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth O'Reilly • Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Mls Name: MoreMLS
Mls ID: #22526315