1420 Summit AvenueToms 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 1420 Summit Avenue, Toms River, NJ, 08753 priced at $799,000 converts $4,020/mo rent into after a $3,911/mo obligation. Total monthly income equals $4,020/mo. Return on cash invested prints 12.41% in year one, and rental yield reads 6.04% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 63.85% and total cumulative return in cash sums $167,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,020/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 1900
3,484 sqft 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: Michael Lubrano • Berkshire Hathaway HomeServices Fox & Roach - Holmdel
Mls Name: MoreMLS
Mls ID: #22531554