2 Blacksmith PassColts NeckNJ07722
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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
Rental property for sale in Colts Neck at 2 Blacksmith Pass, Colts Neck, NJ, 07722 priced at $790,000 converts $6,122/mo rent into $491/mo cash flow after a $3,867/mo obligation. Total monthly income equals $6,122/mo, and annual cash flow totals $5,888/yr on $259,910 invested. Return on cash invested prints 22.33% in year one, and rental yield reads 9.3% against a $790,000 entry. Equity gained on principal adds $5,098/yr, while 5% annual appreciation compiles into $218,262 by year five. Five-year ROI reaches 117.01% and total cumulative return in cash sums $304,116. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,122/mo property income covering a $3,867/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07722, Colts Neck, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,525 (100%) |
| Owner Occupied HU | 3,103 (88.0%) |
| Renter Occupied HU | 274 ( 7.8%) |
| Vacant Housing Units | 148 ( 4.2%) |
| Median Home Value | $966,924 |
| Average Home Value | $1,135,715 |
Housing Distribution
Address Breakdown
Residential
3,511
Single Family
3,511
Multi-Family
0
Businesses
441
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Listed by: TARA COFFEY • COMPASS NEW JERSEY, LLC
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2607209R
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