1636 Harvard AvenueBrickNJ08724
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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 Brick at 1636 Harvard Avenue, Brick, NJ, 08724 with 5% annual appreciation on a $800,000 basis while $8,920/mo rent supports operations. Total monthly income totals $8,920/mo and a $3,916/mo payment preserves $3,217/mo for cash returns. Annual cash flow comes to $38,608/yr on $263,200 deployed, and return on cash invested reaches 34.73% in year one. Equity gained on principal adds $5,162/yr, and five-year appreciation sums $221,025 alongside rental yield of 13.38%. Five-year ROI measures 183.53% and total cumulative return in cash totals $483,044.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,920/mo property income versus a $3,916/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
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Listed by: Alfreda Sepko • EXP Realty
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22433554
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.