1902 Bayhead DrParlinNJ08859
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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 Parlin at 1902 Bayhead Dr, Parlin, NJ, 08859 offers a 10.65% rental yield on a $427,500 purchase with $3,793/mo rent. Total monthly income registers $3,793/mo, and a $2,092/mo payment leaves $746/mo available for distribution. Annual cash flow reaches $8,955/yr on $141,716 to close, and return on cash invested stands at 26.23% in year one. Equity gained on principal adds $2,759/yr while 5% annual appreciation supports $118,110 over five years. Portfolio math shows five-year ROI at 137.98% and total cumulative return in cash at $195,538. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,793/mo property income against a $2,092/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08859, Parlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 5,514 (58.1%) |
| Renter Occupied HU | 3,570 (37.6%) |
| Vacant Housing Units | 410 ( 4.3%) |
| Median Home Value | $478,704 |
| Average Home Value | $541,004 |
Housing Distribution
Address Breakdown
Residential
9,233
Single Family
8,841
Multi-Family
392
Businesses
428
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Listed by: JOSEPH J. SCOTTO • CENTURY 21 CEDARCREST REALTY
Mls Name: All Jersey MLS
Mls ID: #2607471R