2 Gilford PlaceToms RiverNJ08753
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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 Toms River at 2 Gilford Place, Toms River, NJ, 08753 uses $138,899 cash to close to unlock $7,527/yr annual cash flow and $627/mo monthly cash flow. Total monthly income runs $3,614/mo, and a $2,051/mo payment keeps the spread at $627/mo. Purchase price stands at $419,000, and rental yield measures 10.35% with $3,614/mo rent. Return on cash invested shows 25.33% in year one, and 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 133.15% and total cumulative return in cash records $184,937. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,614/mo property income covering a $2,051/mo payment rather than investor’s personal income.
Single Family
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08753, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,100 (100%) |
| Owner Occupied HU | 19,843 (70.6%) |
| Renter Occupied HU | 5,818 (20.7%) |
| Vacant Housing Units | 2,439 ( 8.7%) |
| Median Home Value | $485,093 |
| Average Home Value | $561,358 |
Housing Distribution
Address Breakdown
Residential
25,785
Single Family
25,474
Multi-Family
311
Businesses
1,634
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Listed by: Lindsay Woodruff • C21/ Herbertsville Real Estate
Mls Name: MOMLS
Mls Provider:
Mls ID: #22432222
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.