16 Corlies AvenueAllenhurstNJ07711
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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 Allenhurst at 16 Corlies Avenue, Allenhurst, NJ, 07711 uses $39,780 cash to close to unlock $1,008/yr annual cash flow and $84/mo monthly cash flow. Total monthly income runs $939/mo, and a $587/mo payment keeps the spread at $84/mo. Purchase price stands at $120,000, and rental yield measures 9.39% with $939/mo rent. Return on cash invested shows 22.44% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 117.67% and total cumulative return in cash records $46,807. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $939/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07711, Allenhurst, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 451 (50.1%) |
| Renter Occupied HU | 172 (19.1%) |
| Vacant Housing Units | 277 (30.8%) |
| Median Home Value | $1,082,692 |
| Average Home Value | $1,203,326 |
Housing Distribution
Address Breakdown
Residential
856
Single Family
844
Multi-Family
12
Businesses
157
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Listed by: Esther Silvera • Silvera Realty Co.
Mls Name: MoreMLS
Mls ID: #22601171