16 New Castle StreetFarmingdaleNJ07727
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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
Investment property for sale in Farmingdale at 16 New Castle Street, Farmingdale, NJ, 07727 at $475,000 posts ROI 22.97% with $402/mo cash flow from $4,243/mo rent. Total monthly income equals $4,243/mo, and annual cash flow records $4,826/yr on $157,463 to close. Return on cash invested measures 22.97% and rental yield reads 10.72% at the current $475,000. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 by year five. Five-year ROI prints 121.79% and total cumulative return in cash totals $191,767.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,243/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2004
435.60 sqft lot
$N/A/sqft
$455 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07727, Farmingdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,702 (100%) |
| Owner Occupied HU | 2,746 (74.2%) |
| Renter Occupied HU | 717 (19.4%) |
| Vacant Housing Units | 239 ( 6.5%) |
| Median Home Value | $749,757 |
| Average Home Value | $766,476 |
Housing Distribution
Address Breakdown
Residential
3,338
Single Family
3,198
Multi-Family
140
Businesses
677
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Listed by: Dani Casais • RE/MAX Realty 9
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22522185
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.