132 Schooner AvenueBarnegatNJ08005
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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 Barnegat at 132 Schooner Avenue, Barnegat, NJ, 08005 offers $3,260/mo rent that, after a $1,835/mo payment, leaves $588/mo cash flow. Total monthly income is $3,260/mo, and annual cash flow is $7,050/yr on $124,313 cash. Return on cash invested measures 25.58% in year one, and rental yield stands at 10.43% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 134.49% and total cumulative return in cash reaches $167,187. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,260/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08005, Barnegat, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,272 (100%) |
| Owner Occupied HU | 9,490 (77.3%) |
| Renter Occupied HU | 1,615 (13.2%) |
| Vacant Housing Units | 1,167 ( 9.5%) |
| Median Home Value | $446,945 |
| Average Home Value | $462,761 |
Housing Distribution
Address Breakdown
Residential
12,355
Single Family
12,093
Multi-Family
262
Businesses
451
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Listed by: Jeanmarie J McSpedon • RE/MAX at Barnegat Bay
Mls Name: MoreMLS
Mls ID: #22600968