2 Lena LaneBayvilleNJ08721
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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 Bayville at 2 Lena Lane, Bayville, NJ, 08721 priced at $530,888 converts $3,965/mo rent into $169/mo cash flow after a $2,598/mo obligation. Total monthly income equals $3,965/mo, and annual cash flow totals $2,026/yr on $174,662 invested. Return on cash invested prints 21.22% in year one, and rental yield reads 8.96% against a $530,888 entry. Equity gained on principal adds $3,426/yr, while 5% annual appreciation compiles into $146,675 by year five. Five-year ROI reaches 111.11% and total cumulative return in cash sums $194,061. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,965/mo property income covering a $2,598/mo payment, not borrower’s personal income.
Single Family
Built in 2000
9,583 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08721, Bayville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,619 (100%) |
| Owner Occupied HU | 7,129 (74.1%) |
| Renter Occupied HU | 1,504 (15.6%) |
| Vacant Housing Units | 986 (10.3%) |
| Median Home Value | $471,653 |
| Average Home Value | $536,444 |
Housing Distribution
Address Breakdown
Residential
8,902
Single Family
8,902
Multi-Family
0
Businesses
409
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Listed by: Gaetana Del Virginia • Del Virginia Realtors
Mls Name: MOMLS
Mls Provider:
Mls ID: #22428849
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.