18 Cannonball DrBarnegatNJ08005
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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 at 18 Cannonball Dr, Barnegat, NJ, 08005 uses $145,827 cash to close to unlock $8,935/yr annual cash flow and $745/mo monthly cash flow. Total monthly income runs $3,880/mo, and a $2,153/mo payment keeps the spread at $745/mo. Purchase price stands at $439,900, and rental yield measures 10.58% with $3,880/mo rent. Return on cash invested shows 26.04% in year one, and 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 136.93% and total cumulative return in cash records $199,683. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,880/mo property income covering a $2,153/mo payment rather than investor’s personal income.
Single Family
Built in 2001
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08005, Barnegat, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,272 (100%) |
| Owner Occupied HU | 9,490 (77.3%) |
| Renter Occupied HU | 1,615 (13.2%) |
| Vacant Housing Units | 1,167 ( 9.5%) |
| Median Home Value | $446,945 |
| Average Home Value | $462,761 |
Housing Distribution
Address Breakdown
Residential
12,355
Single Family
12,093
Multi-Family
262
Businesses
451
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Listed by: Christopher Davies • Davies and DeGennaro Real Estate
Mls Name: Bright MLS
Mls ID: #NJOC2039416