16 Pine Grove AveManahawkinNJ08050
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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 Manahawkin at 16 Pine Grove Ave, Manahawkin, NJ, 08050 offers a 8.56% rental yield on a $279,999 purchase with $1,997/mo rent. Total monthly income registers $1,997/mo, and a $1,370/mo payment leaves $2/mo available for distribution. Annual cash flow reaches $20/yr on $92,820 to close, and return on cash invested stands at 19.93% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 104.2% and total cumulative return in cash at $96,716. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,997/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08050, Manahawkin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,960 (100%) |
| Owner Occupied HU | 10,027 (67.0%) |
| Renter Occupied HU | 1,553 (10.4%) |
| Vacant Housing Units | 3,380 (22.6%) |
| Median Home Value | $457,496 |
| Average Home Value | $521,139 |
Housing Distribution
Address Breakdown
Residential
12,224
Single Family
11,848
Multi-Family
376
Businesses
767
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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