19 Otter PlaceWhitingNJ08759
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 Whiting at 19 Otter Place, Whiting, NJ, 08759 uses $49,360 cash to close to unlock $1,134/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $1,156/mo, and a $729/mo payment keeps the spread at $94/mo. Purchase price stands at $148,900, and rental yield measures 9.32% with $1,156/mo rent. Return on cash invested shows 22.21% in year one, and 5% annual appreciation builds toward $41,138 over five years. Five-year ROI reaches 116.44% and total cumulative return in cash records $57,477. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,156/mo property income covering a $729/mo payment rather than investor’s personal income.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08759, Manchester Township, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,283 (100%) |
| Owner Occupied HU | 19,068 (81.9%) |
| Renter Occupied HU | 2,211 ( 9.5%) |
| Vacant Housing Units | 2,004 ( 8.6%) |
| Median Home Value | $231,529 |
| Average Home Value | $352,495 |
Housing Distribution
Address Breakdown
Residential
22,057
Single Family
21,519
Multi-Family
538
Businesses
338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Zolezi • Keller Williams Realty Monmouth/Ocean
Mls Name: MoreMLS
Mls ID: #22527274