207 Cotter AvenueNeptuneNJ07753
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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
Rental property for sale in Neptune at 207 Cotter Avenue, Neptune, NJ, 07753 priced at $469,000 converts $3,574/mo rent into $231/mo cash flow after a $2,296/mo obligation. Total monthly income equals $3,574/mo, and annual cash flow totals $2,767/yr on $155,474 invested. Return on cash invested prints 21.69% in year one, and rental yield reads 9.14% against a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation compiles into $129,576 by year five. Five-year ROI reaches 113.63% and total cumulative return in cash sums $176,659. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,574/mo property income covering a $2,296/mo payment, not borrower’s personal income.
Single Family
Built in 1950
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07753, Neptune, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,978 (100%) |
| Owner Occupied HU | 10,727 (63.2%) |
| Renter Occupied HU | 5,243 (30.9%) |
| Vacant Housing Units | 1,008 ( 5.9%) |
| Median Home Value | $469,423 |
| Average Home Value | $541,040 |
Housing Distribution
Address Breakdown
Residential
16,140
Single Family
14,110
Multi-Family
2,030
Businesses
1,097
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Listed by: Michelle Garagiola • NextHome Force Premier Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22428336
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.