189 Lighthouse DriveManahawkinNJ08050
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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
Rental property for sale in Manahawkin at 189 Lighthouse Drive, Manahawkin, NJ, 08050 priced at $469,000 pairs $3,390/mo rent with $47/mo cash flow after a $2,296/mo payment. Total monthly income equals $3,390/mo, and annual cash flow comes to $559/yr on $155,474 invested. Return on cash invested is 20.27% in year one, and rental yield stands at 8.67% on a $469,000 basis. Equity gained on principal adds $3,026/yr, and 5% annual appreciation accumulates to $129,576 by year five. Five-year ROI measures 106.01% and total cumulative return in cash reaches $164,815. For financing, Ziffy Mortgage’s DSCR program evaluates $3,390/mo property income against a $2,296/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08050, Manahawkin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,960 (100%) |
| Owner Occupied HU | 10,027 (67.0%) |
| Renter Occupied HU | 1,553 (10.4%) |
| Vacant Housing Units | 3,380 (22.6%) |
| Median Home Value | $457,496 |
| Average Home Value | $521,139 |
Housing Distribution
Address Breakdown
Residential
12,224
Single Family
11,848
Multi-Family
376
Businesses
767
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Listed by: David Breitweiser • Elite Realtors Of New Jersey
Mls Name: MoreMLS
Mls ID: #22602258