1809 Beverly AvenueSpring LakeNJ07762
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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 Spring Lake at 1809 Beverly Avenue, Spring Lake, NJ, 07762 listed at $1,595,000 pairs $5,119/mo rent with a $7,807/mo payment. Total monthly income runs $5,119/mo. Return on cash invested measures 5.86% in year one, and rental yield registers 3.85% at a $1,595,000 basis. Equity gained on principal adds $10,292/yr, and annual property appreciation at 5% supports $440,669 by year five. Five-year ROI tracks 28.65% and total cumulative return in cash totals $148,037. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,119/mo property income relative to a $7,807/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07762, Spring Lake, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,755 (100%) |
| Owner Occupied HU | 2,831 (49.2%) |
| Renter Occupied HU | 1,406 (24.4%) |
| Vacant Housing Units | 1,518 (26.4%) |
| Median Home Value | $888,913 |
| Average Home Value | $1,183,369 |
Housing Distribution
Address Breakdown
Residential
5,253
Single Family
4,594
Multi-Family
659
Businesses
476
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Listed by: Cindy Napp • Diane Turton, Realtors-Spring Lake
Mls Name: MOMLS
Mls Provider:
Mls ID: #22502159
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.