15 Wyckham RoadSpring LakeNJ07762
Nearby investment properties with comparable rents
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 Spring Lake at 15 Wyckham Road, Spring Lake, NJ, 07762 offers $3,671/mo rent that, after a $4,155/mo payment. Total monthly income is $3,671/mo. Return on cash invested measures 9.84% in year one, and rental yield stands at 5.19% at a $849,000 entry. Equity gained on principal adds $5,478/yr while 5% annual appreciation compounds into $234,563 by year five. Five-year ROI records 50.02% and total cumulative return in cash reaches $139,712. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,671/mo property income versus a $4,155/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07762, Spring Lake, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,755 (100%) |
| Owner Occupied HU | 2,831 (49.2%) |
| Renter Occupied HU | 1,406 (24.4%) |
| Vacant Housing Units | 1,518 (26.4%) |
| Median Home Value | $888,913 |
| Average Home Value | $1,183,369 |
Housing Distribution
Address Breakdown
Residential
5,253
Single Family
4,594
Multi-Family
659
Businesses
476
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Listed by: Melissa Giegerich • Keller Williams Realty Spring Lake
Mls Name: MoreMLS
Mls ID: #22532152