16 W 8th StBarnegat LightNJ08006
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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 Barnegat Light at 16 W 8th St, Barnegat Light, NJ, 08006 listed at $1,245,000 pairs $0/mo rent with a $6,094/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -6.03% in year one, and rental yield registers 0% at a $1,245,000 basis. Equity gained on principal adds $8,034/yr, and annual property appreciation at 5% supports $343,971 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $6,094/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08006, Barnegat Light, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,290 (100%) |
| Owner Occupied HU | 306 (23.7%) |
| Renter Occupied HU | 26 ( 2.0%) |
| Vacant Housing Units | 958 (74.3%) |
| Median Home Value | $1,157,895 |
| Average Home Value | $1,196,814 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
85
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Benee Scola • Benee Scola & Company, Realtors
Mls Name: Bright MLS
Mls ID: #NJOC2035972