13 Mayfair CourtLittle SilverNJ07739
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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 Little Silver at 13 Mayfair Court, Little Silver, NJ, 07739 priced at $589,900 converts $4,585/mo rent into $21/mo cash flow after a $2,887/mo obligation. Total monthly income equals $4,585/mo, and annual cash flow totals $247/yr on $194,077 invested. Return on cash invested prints 20.19% in year one, and rental yield reads 9.33% against a $589,900 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $162,978 by year five. Five-year ROI reaches 106.35% and total cumulative return in cash sums $206,397. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,585/mo property income covering a $2,887/mo payment, not borrower’s personal income.
Condo
Built in 1985
1,306 sqft lot
$N/A/sqft
$360 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07739, Little Silver, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,317 (100%) |
| Owner Occupied HU | 2,064 (89.1%) |
| Renter Occupied HU | 129 ( 5.6%) |
| Vacant Housing Units | 124 ( 5.4%) |
| Median Home Value | $966,171 |
| Average Home Value | $1,109,014 |
Housing Distribution
Address Breakdown
Residential
2,301
Single Family
2,301
Multi-Family
0
Businesses
313
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Listed by: James G Giannell • New Markets Realty Inc
Mls Name: MOMLS
Mls Provider:
Mls ID: #22419125
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.