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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spring Lake at 1810 State Route 71, Spring Lake, NJ, 07762 offers a 23.15% rental yield on a $839,900 purchase with $16,200/mo rent. Total monthly income registers $16,200/mo, and a $4,111/mo payment leaves $10,213/mo available for distribution. Annual cash flow reaches $122,559/yr on $276,327 to close, and return on cash invested stands at 64.41% in year one. Equity gained on principal adds $5,420/yr while 5% annual appreciation supports $232,049 over five years. Portfolio math shows five-year ROI at 342.71% and total cumulative return in cash at $946,999. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $16,200/mo property income against a $4,111/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1902
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07762, Spring Lake, NJ area.
| 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 |
Residential
5,253
Single Family
4,594
Multi-Family
659
Businesses
476
Date | Event | Price |
|---|---|---|
| 2025-01-15 | Listed for sale | $839,900 |
| 2024-11-14 | Listing removed | $849,900 |
| 2024-11-13 | Pending sale | $849,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Attic,Walk-up
Listed by: Patricia D Ahern • Real Broker, LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22501303
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.
