2 Drawbridge Ln #1ManasquanNJ08736
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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 Manasquan at 2 Drawbridge Ln #1, Manasquan, NJ, 08736 generates $5,107/mo in rent, after a $6,407/mo payment. Total monthly income is $5,107/mo. Return on cash invested sits at 8.42% in year one, and rental yield is 4.68% on a $1,309,100 entry. Equity gained on principal adds $8,447/yr, while 5% annual appreciation builds toward $361,680 over five years. Five-year ROI reaches 42.4% and total cumulative return in cash sums $179,836. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,107/mo property income rather than buyer’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08736, Manasquan, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,356 (100%) |
| Owner Occupied HU | 4,432 (69.7%) |
| Renter Occupied HU | 817 (12.9%) |
| Vacant Housing Units | 1,107 (17.4%) |
| Median Home Value | $865,375 |
| Average Home Value | $943,515 |
Housing Distribution
Address Breakdown
Residential
5,692
Single Family
5,642
Multi-Family
50
Businesses
869
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Listed by: N/A • N/A
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Mls ID: #N/A