15 Spruce AvenueManasquanNJ08736
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Nearby investment properties with comparable prices
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 Manasquan at 15 Spruce Avenue, Manasquan, NJ, 08736 offers $3,174/mo rent that, after a $5,629/mo payment. Total monthly income is $3,174/mo. Return on cash invested measures 4.19% in year one, and rental yield stands at 3.31% at a $1,150,000 entry. Equity gained on principal adds $7,421/yr while 5% annual appreciation compounds into $317,724 by year five. Five-year ROI records 19.72% and total cumulative return in cash reaches $73,473. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,174/mo property income versus a $5,629/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08736, Manasquan, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,356 (100%) |
| Owner Occupied HU | 4,432 (69.7%) |
| Renter Occupied HU | 817 (12.9%) |
| Vacant Housing Units | 1,107 (17.4%) |
| Median Home Value | $865,375 |
| Average Home Value | $943,515 |
Housing Distribution
Address Breakdown
Residential
5,692
Single Family
5,642
Multi-Family
50
Businesses
869
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Listed by: Leslie Mayer • O'Brien Realty, LLC
Mls Name: MoreMLS
Mls ID: #22527479