1806 Tidewater Ave #1806Rio GrandeNJ08242
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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 Rio Grande at 1806 Tidewater Ave #1806, Rio Grande, NJ, 08242 listed at $534,900 pairs $3,180/mo rent with a $2,618/mo payment. Total monthly income runs $3,180/mo. Return on cash invested measures 13.05% in year one, and rental yield registers 7.13% at a $534,900 basis. Equity gained on principal adds $3,452/yr, and annual property appreciation at 5% supports $147,783 by year five. Five-year ROI tracks 68.27% and total cumulative return in cash totals $120,141. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,180/mo property income relative to a $2,618/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2012
N/A lot
$N/A/sqft
$395 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08242, Rio Grande, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,173 (100%) |
| Owner Occupied HU | 1,384 (63.7%) |
| Renter Occupied HU | 424 (19.5%) |
| Vacant Housing Units | 365 (16.8%) |
| Median Home Value | $398,201 |
| Average Home Value | $620,233 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
1,762
Multi-Family
0
Businesses
308
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Listed by: Ryan O'keefe • HOMESTEAD REAL ESTATE CO. INC.
Mls Name: CMCAOR
Mls Provider:
Mls ID: #242827
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