124 Secretariat CourtTinton FallsNJ07724
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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 Tinton Falls at 124 Secretariat Court, Tinton Falls, NJ, 07724 priced at $539,000 converts $4,520/mo rent into $678/mo cash flow after a $2,638/mo obligation. Total monthly income equals $4,520/mo, and annual cash flow totals $8,139/yr on $177,331 invested. Return on cash invested prints 24.65% in year one, and rental yield reads 10.06% against a $539,000 entry. Equity gained on principal adds $3,478/yr, while 5% annual appreciation compiles into $148,916 by year five. Five-year ROI reaches 129.49% and total cumulative return in cash sums $229,620. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,520/mo property income covering a $2,638/mo payment, not borrower’s personal income.
Condo
Built in 1988
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07724, Eatontown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,755 (100%) |
| Owner Occupied HU | 6,938 (64.5%) |
| Renter Occupied HU | 3,315 (30.8%) |
| Vacant Housing Units | 502 ( 4.7%) |
| Median Home Value | $688,009 |
| Average Home Value | $713,207 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
9,673
Multi-Family
673
Businesses
1,179
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Listed by: Catherine Lloyd • Brokers 3 Realtors
Mls Name: MoreMLS
Mls ID: #22535357