2 Remington Court UNIT 1000FarmingdaleNJ07727
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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
Total monthly income runs $5,820/mo, and a $4,135/mo payment. Purchase price stands at $844,900, and rental yield measures 8.27% with $5,820/mo rent. Return on cash invested shows 17.03% in year one, and 5% annual appreciation builds toward $233,430 over five years. Five-year ROI reaches 89.43% and total cumulative return in cash records $248,596. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,820/mo property income covering a $4,135/mo payment rather than investor’s personal income.
Condo
Built in N/A
2,178 sqft lot
$N/A/sqft
$499 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07727, Farmingdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,702 (100%) |
| Owner Occupied HU | 2,746 (74.2%) |
| Renter Occupied HU | 717 (19.4%) |
| Vacant Housing Units | 239 ( 6.5%) |
| Median Home Value | $749,757 |
| Average Home Value | $766,476 |
Housing Distribution
Address Breakdown
Residential
3,338
Single Family
3,198
Multi-Family
140
Businesses
677
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Listed by: Jacqueline K Rossi • Coldwell Banker Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22518028
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.