13 Skimmer Lane #48BayvilleNJ08721
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bayville at 13 Skimmer Lane #48, Bayville, NJ, 08721 offers a 9.64% rental yield on a $499,900 purchase with $4,016/mo rent. Total monthly income registers $4,016/mo, and a $2,447/mo payment leaves $453/mo available for distribution. Annual cash flow reaches $5,431/yr on $165,717 to close, and return on cash invested stands at 23.19% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 121.65% and total cumulative return in cash at $201,600. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,016/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08721, Bayville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,619 (100%) |
| Owner Occupied HU | 7,129 (74.1%) |
| Renter Occupied HU | 1,504 (15.6%) |
| Vacant Housing Units | 986 (10.3%) |
| Median Home Value | $471,653 |
| Average Home Value | $536,444 |
Housing Distribution
Address Breakdown
Residential
8,902
Single Family
8,902
Multi-Family
0
Businesses
409
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Helen Berlinski • Signature Realty NJ
Mls Name: MoreMLS
Mls ID: #22601703