13 Northrup 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
Investment property for sale in Brick at 13 Northrup Drive, Brick, NJ, 08724 with 5% annual appreciation on a $279,000 basis while $2,660/mo rent supports operations. Total monthly income totals $2,660/mo and a $1,366/mo payment preserves $671/mo for cash returns. Annual cash flow comes to $8,051/yr on $92,489 deployed, and return on cash invested reaches 28.61% in year one. Equity gained on principal adds $1,800/yr, and five-year appreciation sums $77,083 alongside rental yield of 11.44%. Five-year ROI measures 150.73% and total cumulative return in cash totals $139,411.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,660/mo property income versus a $1,366/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1975
N/A 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: Shalom Elbaz • Keller Williams Shore Properties
Mls Name: MoreMLS
Mls ID: #22534418