2 Cedar DriveBay HeadNJ08742
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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 Bay Head at 2 Cedar Drive, Bay Head, NJ, 08742 priced at $1,499,000 converts $6,826/mo rent into after a $7,337/mo obligation. Total monthly income equals $6,826/mo. Return on cash invested prints 10.84% in year one, and rental yield reads 5.46% against a $1,499,000 entry. Equity gained on principal adds $9,673/yr, while 5% annual appreciation compiles into $414,146 by year five. Five-year ROI reaches 55.35% and total cumulative return in cash sums $268,833. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,826/mo property income covering a $7,337/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08742, Point Pleasant Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,538 (100%) |
| Owner Occupied HU | 8,496 (62.8%) |
| Renter Occupied HU | 2,081 (15.4%) |
| Vacant Housing Units | 2,961 (21.9%) |
| Median Home Value | $683,241 |
| Average Home Value | $772,081 |
Housing Distribution
Address Breakdown
Residential
12,450
Single Family
12,242
Multi-Family
208
Businesses
1,303
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Listed by: Laura Dougherty Drago • Corcoran Sawyer Smith
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22528676
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.