16 Casey Ct #C16BarnegatNJ08005
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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
Investment property for sale in Barnegat at 16 Casey Ct #C16, Barnegat, NJ, 08005 earns $72/mo cash flow from $1,230/mo rent with a $795/mo payment. Total monthly income totals $1,230/mo, and annual cash flow totals $865/yr on $53,869 capital. ROI tracks 21.51% on current figures, and rental yield reads 9.08% at a $162,500 purchase. Equity gained on principal adds $1,049/yr, and 5% annual appreciation supports $44,896 over five years. Five-year ROI reaches 112.77% and total cumulative return in cash sums $60,750. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,230/mo property income instead of your personal income.
Manufactured
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08005, Barnegat, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,272 (100%) |
| Owner Occupied HU | 9,490 (77.3%) |
| Renter Occupied HU | 1,615 (13.2%) |
| Vacant Housing Units | 1,167 ( 9.5%) |
| Median Home Value | $446,945 |
| Average Home Value | $462,761 |
Housing Distribution
Address Breakdown
Residential
12,355
Single Family
12,093
Multi-Family
262
Businesses
451
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Listed by: Patrick Crocetta • Hometown America, a Manufactured Home Dealer
Mls Name: My State MLS
Mls ID: #11509385