16 Malcolm Way UNIT 3502LincroftNJ07738
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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 Lincroft at 16 Malcolm Way UNIT 3502, Lincroft, NJ, 07738 offers a 9.79% rental yield on a $899,999 purchase with $7,342/mo rent. Total monthly income registers $7,342/mo, and a $4,405/mo payment leaves $617/mo available for distribution. Annual cash flow reaches $7,404/yr on $296,100 to close, and return on cash invested stands at 22.56% in year one. Equity gained on principal adds $5,808/yr while 5% annual appreciation supports $248,653 over five years. Portfolio math shows five-year ROI at 118.72% and total cumulative return in cash at $351,515. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,342/mo property income against a $4,405/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2017
0.44 Acres lot
$N/A/sqft
$310 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07738, Lincroft, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,618 (100%) |
| Owner Occupied HU | 2,199 (84.0%) |
| Renter Occupied HU | 331 (12.6%) |
| Vacant Housing Units | 88 ( 3.4%) |
| Median Home Value | $812,720 |
| Average Home Value | $857,824 |
Housing Distribution
Address Breakdown
Residential
2,554
Single Family
2,305
Multi-Family
249
Businesses
232
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Listed by: Barbara Scaffidi • Ward Wight Sotheby's International Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22506941
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.