137 Spray AvenueBeachwoodNJ08722
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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 Beachwood at 137 Spray Avenue, Beachwood, NJ, 08722 priced at $499,900 pairs $3,278/mo rent with after a $2,447/mo payment. Total monthly income equals $3,278/mo. Return on cash invested is 17.84% in year one, and rental yield stands at 7.87% on a $499,900 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,113 by year five. Five-year ROI measures 92.99% and total cumulative return in cash reaches $154,104. For financing, Ziffy Mortgage’s DSCR program evaluates $3,278/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08722, Beachwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,961 (100%) |
| Owner Occupied HU | 3,406 (86.0%) |
| Renter Occupied HU | 437 (11.0%) |
| Vacant Housing Units | 118 ( 3.0%) |
| Median Home Value | $353,598 |
| Average Home Value | $387,689 |
Housing Distribution
Address Breakdown
Residential
3,877
Single Family
3,877
Multi-Family
0
Businesses
161
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Listed by: Alyssa Giglio • Keller Williams Preferred Properties,Bayville
Mls Name: MoreMLS
Mls ID: #22600383