1418 Summit PlToms RiverNJ08753
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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 Toms River at 1418 Summit Pl, Toms River, NJ, 08753 generates $4,889/mo in rent, after a $3,578/mo payment. Total monthly income is $4,889/mo. Return on cash invested sits at 18.45% in year one, and rental yield is 8.02% on a $731,100 entry. Equity gained on principal adds $4,718/yr, while 5% annual appreciation builds toward $201,989 over five years. Five-year ROI reaches 96.26% and total cumulative return in cash sums $231,540. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,889/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08753, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,100 (100%) |
| Owner Occupied HU | 19,843 (70.6%) |
| Renter Occupied HU | 5,818 (20.7%) |
| Vacant Housing Units | 2,439 ( 8.7%) |
| Median Home Value | $485,093 |
| Average Home Value | $561,358 |
Housing Distribution
Address Breakdown
Residential
25,785
Single Family
25,474
Multi-Family
311
Businesses
1,634
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A