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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Colts Neck at 20 Longview Drive, Colts Neck, NJ, 07722 offers $7,499/mo rent that, after a $5,996/mo payment. Total monthly income is $7,499/mo. Return on cash invested measures 16.64% in year one, and rental yield stands at 7.35% at a $1,225,000 entry. Equity gained on principal adds $7,905/yr while 5% annual appreciation compounds into $338,445 by year five. Five-year ROI records 86.49% and total cumulative return in cash reaches $343,284. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,499/mo property income versus a $5,996/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07722, Colts Neck, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,525 (100%) |
| Owner Occupied HU | 3,103 (88.0%) |
| Renter Occupied HU | 274 ( 7.8%) |
| Vacant Housing Units | 148 ( 4.2%) |
| Median Home Value | $966,924 |
| Average Home Value | $1,135,715 |
Residential
3,511
Single Family
3,511
Multi-Family
0
Businesses
441
Date | Event | Price |
|---|---|---|
| 2025-06-23 | Sold | $1,225,000 |
| 2025-05-15 | Pending sale | $1,225,000 |
| 2025-05-02 | Listed for sale | $1,225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-11 | $13082.20 | -1.44% | $878,000 | 2.93% |
| 2023-10-11 | $13272.68 | 8.11% | $853,000 | 15.41% |
| 2022-10-11 | $12276.45 | 4.90% | $739,100 | 10.26% |
Listed by: Pascale Coppola • Heritage House Sotheby's International Realty
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22512773
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.
