1294 Victoria CourtBrickNJ08724
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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
Investment property for sale in Brick at 1294 Victoria Court, Brick, NJ, 08724 offers a 11.65% rental yield on a $299,900 purchase with $2,912/mo rent. Total monthly income registers $2,912/mo, and a $1,468/mo payment leaves $774/mo available for distribution. Annual cash flow reaches $9,291/yr on $99,417 to close, and return on cash invested stands at 29.25% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 154.23% and total cumulative return in cash at $153,328. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,912/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
6,098 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: James Hawkes • Berkshire Hathaway HomeServices Fox & Roach - Toms River
Mls Name: MoreMLS
Mls ID: #22601975