1624 8th AvenueToms RiverNJ08757
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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 Toms River at 1624 8th Avenue, Toms River, NJ, 08757 uses $180,950 cash to close to unlock $5,204/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $4,354/mo, and a $2,692/mo payment keeps the spread at $434/mo. Purchase price stands at $550,000, and rental yield measures 9.5% with $4,354/mo rent. Return on cash invested shows 22.94% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 120.28% and total cumulative return in cash records $217,642. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,354/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08757, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,526 (100%) |
| Owner Occupied HU | 15,976 (77.8%) |
| Renter Occupied HU | 2,528 (12.3%) |
| Vacant Housing Units | 2,022 ( 9.9%) |
| Median Home Value | $288,781 |
| Average Home Value | $336,075 |
Housing Distribution
Address Breakdown
Residential
18,568
Single Family
18,567
Multi-Family
1
Businesses
172
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Listed by: Felicia Finn • C21/ Action Plus Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22500729
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.