2 Corinth PlaceToms RiverNJ08757
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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 Toms River at 2 Corinth Place, Toms River, NJ, 08757 generates $2,849/mo in rent and, after a $1,713/mo payment, leaves $355/mo in cash flow. Total monthly income is $2,849/mo, and annual cash flow is $4,255/yr on $115,992 invested. Return on cash invested sits at 23.58% in year one, and rental yield is 9.77% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 123.76% and total cumulative return in cash sums $143,550. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,849/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08757, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,526 (100%) |
| Owner Occupied HU | 15,976 (77.8%) |
| Renter Occupied HU | 2,528 (12.3%) |
| Vacant Housing Units | 2,022 ( 9.9%) |
| Median Home Value | $288,781 |
| Average Home Value | $336,075 |
Housing Distribution
Address Breakdown
Residential
18,568
Single Family
18,567
Multi-Family
1
Businesses
172
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Listed by: Michael J Kafton • Exit Realty Jackson NJ
Mls Name: MoreMLS
Mls ID: #22516786