17 New Castle StreetFarmingdaleNJ07727
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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 Farmingdale at 17 New Castle Street, Farmingdale, NJ, 07727 with 5% annual appreciation on a $475,000 basis while $4,619/mo rent supports operations. Total monthly income totals $4,619/mo and a $2,325/mo payment preserves $1,233/mo for cash returns. Annual cash flow comes to $14,798/yr on $157,463 deployed, and return on cash invested reaches 29.31% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,234 alongside rental yield of 11.67%. Five-year ROI measures 154.49% and total cumulative return in cash totals $243,259.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,619/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2004
435.60 sqft lot
$N/A/sqft
No 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: Francine Vida • Keller Williams Realty Ocean Living
Mls Name: MOMLS
Mls ID: #22523303