136 Mill Pond Way #22EatontownNJ07724
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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 Eatontown at 136 Mill Pond Way #22, Eatontown, NJ, 07724 uses $162,402 cash to close to unlock $4,679/yr annual cash flow and $390/mo monthly cash flow. Total monthly income runs $3,882/mo, and a $2,398/mo payment keeps the spread at $390/mo. Purchase price stands at $489,900, and rental yield measures 9.51% with $3,882/mo rent. Return on cash invested shows 22.79% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 119.51% and total cumulative return in cash records $194,093. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,882/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07724, Eatontown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,755 (100%) |
| Owner Occupied HU | 6,938 (64.5%) |
| Renter Occupied HU | 3,315 (30.8%) |
| Vacant Housing Units | 502 ( 4.7%) |
| Median Home Value | $688,009 |
| Average Home Value | $713,207 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
9,673
Multi-Family
673
Businesses
1,179
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Listed by: David Lazaro • Keller Williams Shore Properties
Mls Name: MoreMLS
Mls ID: #22601707