2 Kenneth TerraceNeptuneNJ07753
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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 Neptune at 2 Kenneth Terrace, Neptune, NJ, 07753 offers $3,774/mo rent that, after a $2,324/mo payment, leaves $389/mo cash flow. Total monthly income is $3,774/mo, and annual cash flow is $4,673/yr on $157,429 cash. Return on cash invested measures 22.88% in year one, and rental yield stands at 9.54% at a $474,900 entry. Equity gained on principal adds $3,064/yr while 5% annual appreciation compounds into $131,206 by year five. Five-year ROI records 120% and total cumulative return in cash reaches $188,915. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,774/mo property income versus a $2,324/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07753, Neptune, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,978 (100%) |
| Owner Occupied HU | 10,727 (63.2%) |
| Renter Occupied HU | 5,243 (30.9%) |
| Vacant Housing Units | 1,008 ( 5.9%) |
| Median Home Value | $469,423 |
| Average Home Value | $541,040 |
Housing Distribution
Address Breakdown
Residential
16,140
Single Family
14,110
Multi-Family
2,030
Businesses
1,097
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Listed by: Michele Ashkenazi • Schecher Realty
Mls Name: MoreMLS
Mls ID: #22526933