2 Northeast DrManahawkinNJ08050
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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 Manahawkin at 2 Northeast Dr, Manahawkin, NJ, 08050 with 5% annual appreciation on a $425,000 basis while $3,350/mo rent supports operations. Total monthly income totals $3,350/mo and a $2,080/mo payment preserves $321/mo for cash returns. Annual cash flow comes to $3,850/yr on $140,888 deployed, and return on cash invested reaches 22.64% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,420 alongside rental yield of 9.46%. Five-year ROI measures 118.72% and total cumulative return in cash totals $167,261.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,350/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08050, Manahawkin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,960 (100%) |
| Owner Occupied HU | 10,027 (67.0%) |
| Renter Occupied HU | 1,553 (10.4%) |
| Vacant Housing Units | 3,380 (22.6%) |
| Median Home Value | $457,496 |
| Average Home Value | $521,139 |
Housing Distribution
Address Breakdown
Residential
12,224
Single Family
11,848
Multi-Family
376
Businesses
767
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Listed by: Patrick Pietrefesa • BHHS Zack Shore REALTORS
Mls Name: Bright MLS
Mls ID: #NJOC2039262