18 Northrup Drive #201, Brick, NJ, 08724 | $573/mo Cash Flow

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18 Northrup Drive #201, Brick, NJ, 08724 | $573/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Brick at 18 Northrup Drive #201, Brick, NJ, 08724 uses $89,140 cash to close to unlock $6,882/yr annual cash flow and $573/mo monthly cash flow. Total monthly income runs $2,490/mo, and a $1,316/mo payment keeps the spread at $573/mo. Purchase price stands at $268,900, and rental yield measures 11.11% with $2,490/mo rent. Return on cash invested shows 27.63% in year one, and 5% annual appreciation builds toward $74,292 over five years. Five-year ROI reaches 145.49% and total cumulative return in cash records $129,688. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,490/mo property income covering a $1,316/mo payment rather than investor’s personal income.

Condo

Built in 1975

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Burnt Tavern Manor Community pool Updated kitchen and bath First floor with patio New HVAC 2018 Newer carpet Large walk-in closet. Set in Brick Township's Burnt Tavern Manor community, 18 Northrup Drive offers a comfortable first-floor layout with easy patio access through sliding doors. The updated kitchen features a brand new floor, with the bath refreshed as well for a clean, modern look. A newer HVAC system and newer carpet add peace of mind. The bedroom includes a large walk-in closet with generous storage. The community offers a pool, open green space, and a central lake area that creates a relaxed setting. Convenient access to Route 70 places shopping, dining, and everyday services close by. This well-kept condo is a practical choice for those seeking single-level living in a nicely maintained setting within Brick.

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