1903 Melville StreetOakhurstNJ07755
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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 Oakhurst at 1903 Melville Street, Oakhurst, NJ, 07755 uses $36,465 cash to close to unlock $24,856/yr annual cash flow and $2,071/mo monthly cash flow. Total monthly income runs $2,855/mo, and a $538/mo payment keeps the spread at $2,071/mo. Purchase price stands at $110,000, and rental yield measures 31.15% with $2,855/mo rent. Return on cash invested shows 88.07% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 469.67% and total cumulative return in cash records $171,264. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,855/mo property income covering a $538/mo payment rather than investor’s personal income.
Lot
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Jacalyn Grieco • Compass New Jersey LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22430410
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