123 Island View DriveLavalletteNJ08735
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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 Lavallette at 123 Island View Drive, Lavallette, NJ, 08735 priced at $1,199,000 converts $4,763/mo rent into after a $5,869/mo obligation. Total monthly income equals $4,763/mo. Return on cash invested prints 8.43% in year one, and rental yield reads 4.77% against a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation compiles into $331,262 by year five. Five-year ROI reaches 42.53% and total cumulative return in cash sums $165,201. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,763/mo property income covering a $5,869/mo payment, not borrower’s personal income.
Single Family
Built in 2016
5,662 sqft lot
$N/A/sqft
$990 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08735, Lavallette, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,299 (100%) |
| Owner Occupied HU | 1,520 (20.8%) |
| Renter Occupied HU | 197 ( 2.7%) |
| Vacant Housing Units | 5,582 (76.5%) |
| Median Home Value | $892,679 |
| Average Home Value | $990,875 |
Housing Distribution
Address Breakdown
Residential
2,698
Single Family
2,698
Multi-Family
0
Businesses
149
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Listed by: Michele Marancik • Childers Sotheby's Intl Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22425994
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