16 Gladstone StForked RiverNJ08731
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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
Rental property for sale in Forked River at 16 Gladstone St, Forked River, NJ, 08731 priced at $629,900 pairs $3,307/mo rent with after a $3,083/mo payment. Total monthly income equals $3,307/mo. Return on cash invested is 13.21% in year one, and rental yield stands at 6.3% on a $629,900 basis. Equity gained on principal adds $4,065/yr, and 5% annual appreciation accumulates to $174,030 by year five. Five-year ROI measures 68.16% and total cumulative return in cash reaches $141,243. For financing, Ziffy Mortgage’s DSCR program evaluates $3,307/mo property income against a $3,083/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2013
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08731, Forked River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,048 (100%) |
| Owner Occupied HU | 7,829 (77.9%) |
| Renter Occupied HU | 1,113 (11.1%) |
| Vacant Housing Units | 1,106 (11.0%) |
| Median Home Value | $461,309 |
| Average Home Value | $519,264 |
Housing Distribution
Address Breakdown
Residential
9,457
Single Family
9,457
Multi-Family
0
Businesses
610
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Listed by: Patrick Meehan • RE/MAX at Barnegat Bay - Toms River
Mls Name: Bright MLS
Mls ID: #NJOC2037784