19 Davenport LandingForked RiverNJ08731
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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 Forked River at 19 Davenport Landing, Forked River, NJ, 08731 listed at $560,000 pairs $5,585/mo rent with a $2,741/mo payment to leave $1,593/mo cash flow. Total monthly income runs $5,585/mo, and annual cash flow reaches $19,120/yr on $184,240 cash to close. Return on cash invested measures 30.44% in year one, and rental yield registers 11.97% at a $560,000 basis. Equity gained on principal adds $3,614/yr, and annual property appreciation at 5% supports $154,718 by year five. Five-year ROI tracks 160.52% and total cumulative return in cash totals $295,745. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,585/mo property income relative to a $2,741/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08731, Forked River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,048 (100%) |
| Owner Occupied HU | 7,829 (77.9%) |
| Renter Occupied HU | 1,113 (11.1%) |
| Vacant Housing Units | 1,106 (11.0%) |
| Median Home Value | $461,309 |
| Average Home Value | $519,264 |
Housing Distribution
Address Breakdown
Residential
9,457
Single Family
9,457
Multi-Family
0
Businesses
610
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Listed by: Patricia Gurney • Keller Williams Village Square Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22433459
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.