18 Spring Lake BoulevardWaretownNJ08758
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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
Rental property for sale in Waretown at 18 Spring Lake Boulevard, Waretown, NJ, 08758 priced at $785,000 pairs $4,396/mo rent with after a $3,842/mo payment. Total monthly income equals $4,396/mo. Return on cash invested is 14.49% in year one, and rental yield stands at 6.72% on a $785,000 basis. Equity gained on principal adds $5,065/yr, and 5% annual appreciation accumulates to $216,881 by year five. Five-year ROI measures 74.98% and total cumulative return in cash reaches $193,646. For financing, Ziffy Mortgage’s DSCR program evaluates $4,396/mo property income against a $3,842/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08758, Waretown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,118 (100%) |
| Owner Occupied HU | 3,057 (74.2%) |
| Renter Occupied HU | 496 (12.0%) |
| Vacant Housing Units | 565 (13.7%) |
| Median Home Value | $566,761 |
| Average Home Value | $599,940 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,942
Multi-Family
77
Businesses
156
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Listed by: Anita Taylor • Weichert Realtors-Forked River
Mls Name: MoreMLS
Mls ID: #22533583