1838 State Route 35 #80Wall TownshipNJ07719
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wall Township at 1838 State Route 35 #80, Wall Township, NJ, 07719 offers a 9.16% rental yield on a $339,000 purchase with $2,587/mo rent. Total monthly income registers $2,587/mo, and a $1,659/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,051/yr on $112,379 to close, and return on cash invested stands at 21.73% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 113.85% and total cumulative return in cash at $127,948. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,587/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07719, Belmar, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,164 (100%) |
| Owner Occupied HU | 6,722 (60.2%) |
| Renter Occupied HU | 2,565 (23.0%) |
| Vacant Housing Units | 1,877 (16.8%) |
| Median Home Value | $785,079 |
| Average Home Value | $830,829 |
Housing Distribution
Address Breakdown
Residential
10,145
Single Family
9,362
Multi-Family
783
Businesses
1,118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grace Callander • Shire Realty Inc
Mls Name: MoreMLS
Mls ID: #22531948