194 Sawmill Road #480BrickNJ08724
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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 Brick at 194 Sawmill Road #480, Brick, NJ, 08724 uses $86,190 cash to close to unlock $8,788/yr annual cash flow and $732/mo monthly cash flow. Total monthly income runs $2,586/mo, and a $1,273/mo payment keeps the spread at $732/mo. Purchase price stands at $260,000, and rental yield measures 11.94% with $2,586/mo rent. Return on cash invested shows 30.11% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 158.78% and total cumulative return in cash records $136,853. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,586/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 1974
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
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Listed by: Fraidy Kaluszyner • RE/MAX On the Move Realty
Mls Name: MoreMLS
Mls ID: #22600700