1595 Forge Pond RoadBrickNJ08724
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 Brick at 1595 Forge Pond Road, Brick, NJ, 08724 priced at $499,500 pairs $3,264/mo rent with after a $2,445/mo payment. Total monthly income equals $3,264/mo. Return on cash invested is 17.76% in year one, and rental yield stands at 7.84% on a $499,500 basis. Equity gained on principal adds $3,223/yr, and 5% annual appreciation accumulates to $138,003 by year five. Five-year ROI measures 92.56% and total cumulative return in cash reaches $153,259. For financing, Ziffy Mortgage’s DSCR program evaluates $3,264/mo property income against a $2,445/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
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Listed by: Kathryn L Cummings • Diane Turton, Realtors-Bay Head
Mls Name: MoreMLS
Mls ID: #22600347