137 Red Bank AvenueBayvilleNJ08721
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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 Bayville at 137 Red Bank Avenue, Bayville, NJ, 08721 offers $3,733/mo rent that, after a $2,324/mo payment, leaves $348/mo cash flow. Total monthly income is $3,733/mo, and annual cash flow is $4,181/yr on $157,429 cash. Return on cash invested measures 22.56% in year one, and rental yield stands at 9.43% at a $474,900 entry. Equity gained on principal adds $3,064/yr while 5% annual appreciation compounds into $131,206 by year five. Five-year ROI records 118.33% and total cumulative return in cash reaches $186,287. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,733/mo property income versus a $2,324/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.28 Acres 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
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Nearby investment properties with comparable prices
Listed by: Joseph E Haberl • Our Shore Real Estate
Mls Name: MoreMLS
Mls ID: #22535950