16 Melinda CourtBayvilleNJ08721
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 Bayville at 16 Melinda Court, Bayville, NJ, 08721 priced at $699,990 converts $5,635/mo rent into $576/mo cash flow after a $3,426/mo obligation. Total monthly income equals $5,635/mo, and annual cash flow totals $6,908/yr on $230,297 invested. Return on cash invested prints 23.06% in year one, and rental yield reads 9.66% against a $699,990 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation compiles into $193,394 by year five. Five-year ROI reaches 121.08% and total cumulative return in cash sums $278,833. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,635/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 2025
10,454 sqft lot
$N/A/sqft
$70 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08721, Bayville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,619 (100%) |
| Owner Occupied HU | 7,129 (74.1%) |
| Renter Occupied HU | 1,504 (15.6%) |
| Vacant Housing Units | 986 (10.3%) |
| Median Home Value | $471,653 |
| Average Home Value | $536,444 |
Housing Distribution
Address Breakdown
Residential
8,902
Single Family
8,902
Multi-Family
0
Businesses
409
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joy Bearden • Keller Williams Preferred Properties,Ship Bottom
Mls Name: MOMLS
Mls Provider:
Mls ID: #22506751
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.