124 Roosevelt DriveBrickNJ08724
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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 Brick at 124 Roosevelt Drive, Brick, NJ, 08724 priced at $514,900 pairs $3,930/mo rent with $260/mo cash flow after a $2,520/mo payment. Total monthly income equals $3,930/mo, and annual cash flow comes to $3,121/yr on $169,402 invested. Return on cash invested is 21.9% in year one, and rental yield stands at 9.16% on a $514,900 basis. Equity gained on principal adds $3,323/yr, and 5% annual appreciation accumulates to $142,257 by year five. Five-year ROI measures 114.77% and total cumulative return in cash reaches $194,418. For financing, Ziffy Mortgage’s DSCR program evaluates $3,930/mo property income against a $2,520/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
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Listed by: Noelle Paschon • Paschon Realty LLC
Mls Name: MoreMLS
Mls ID: #22532593