2016 Seventh AvenueToms RiverNJ08757
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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 Toms River at 2016 Seventh Avenue, Toms River, NJ, 08757 offers a 3.49% rental yield on a $869,999 purchase with $2,530/mo rent. 67% in year one. Equity gained on principal adds $5,614/yr while 5% annual appreciation supports $240,365 over five years. Portfolio math shows five-year ROI at 22.32% and total cumulative return in cash at $63,888. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,530/mo property income against a $4,258/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08757, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,526 (100%) |
| Owner Occupied HU | 15,976 (77.8%) |
| Renter Occupied HU | 2,528 (12.3%) |
| Vacant Housing Units | 2,022 ( 9.9%) |
| Median Home Value | $288,781 |
| Average Home Value | $336,075 |
Housing Distribution
Address Breakdown
Residential
18,568
Single Family
18,567
Multi-Family
1
Businesses
172
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Listed by: Kevin Duerkes • RE/MAX at Barnegat Bay
Mls Name: MoreMLS
Mls ID: #22601670