139 Mermaid DriveManahawkinNJ08050
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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 Manahawkin at 139 Mermaid Drive, Manahawkin, NJ, 08050 uses $169,435 cash to close to unlock $2,470/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $3,877/mo, and a $2,521/mo payment keeps the spread at $206/mo. Purchase price stands at $515,000, and rental yield measures 9.03% with $3,877/mo rent. Return on cash invested shows 21.52% in year one, and 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 112.67% and total cumulative return in cash records $190,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,877/mo property income covering a $2,521/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08050, Manahawkin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,960 (100%) |
| Owner Occupied HU | 10,027 (67.0%) |
| Renter Occupied HU | 1,553 (10.4%) |
| Vacant Housing Units | 3,380 (22.6%) |
| Median Home Value | $457,496 |
| Average Home Value | $521,139 |
Housing Distribution
Address Breakdown
Residential
12,224
Single Family
11,848
Multi-Family
376
Businesses
767
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Listed by: Yosef Beane • Keypoint Realty LLC
Mls Name: MoreMLS
Mls ID: #22530651