1815 Summerfield AvenueNeptuneNJ07753
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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 Neptune at 1815 Summerfield Avenue, Neptune, NJ, 07753 uses $158,789 cash to close to unlock $6,495/yr annual cash flow and $541/mo monthly cash flow. Total monthly income runs $3,955/mo, and a $2,344/mo payment keeps the spread at $541/mo. Purchase price stands at $479,000, and rental yield measures 9.91% with $3,955/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 126.02% and total cumulative return in cash records $200,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,955/mo property income covering a $2,344/mo payment rather than investor’s personal income.
Single Family
Built in 2005
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07753, Neptune, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,978 (100%) |
| Owner Occupied HU | 10,727 (63.2%) |
| Renter Occupied HU | 5,243 (30.9%) |
| Vacant Housing Units | 1,008 ( 5.9%) |
| Median Home Value | $469,423 |
| Average Home Value | $541,040 |
Housing Distribution
Address Breakdown
Residential
16,140
Single Family
14,110
Multi-Family
2,030
Businesses
1,097
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Listed by: Barbara A Greely • Patrick Parker Realty
Mls Name: MoreMLS
Mls ID: #22602237