203 N Riverside DriveBrickNJ08724
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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 Brick at 203 N Riverside Drive, Brick, NJ, 08724 offers a 6.03% rental yield on a $1,014,600 purchase with $5,100/mo rent. 59% in year one. Equity gained on principal adds $6,547/yr while 5% annual appreciation supports $280,315 over five years. Portfolio math shows five-year ROI at 64.75% and total cumulative return in cash at $212,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,100/mo property income against a $4,966/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
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Listed by: Louise Kelly Decker • Diane Turton, Realtors-Spring Lake
Mls Name: MoreMLS
Mls Provider:
Mls ID: #21602403
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.