21 E Cormorant WayLavalletteNJ08735
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lavallette at 21 E Cormorant Way, Lavallette, NJ, 08735 offers $2,728/mo rent that, after a $3,274/mo payment. Total monthly income is $2,728/mo. Return on cash invested measures 8.59% in year one, and rental yield stands at 4.89% at a $669,000 entry. Equity gained on principal adds $4,317/yr while 5% annual appreciation compounds into $184,832 by year five. Five-year ROI records 43.46% and total cumulative return in cash reaches $95,655. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,728/mo property income versus a $3,274/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
1,742 sqft lot
$N/A/sqft
$772 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08735, Lavallette, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,299 (100%) |
| Owner Occupied HU | 1,520 (20.8%) |
| Renter Occupied HU | 197 ( 2.7%) |
| Vacant Housing Units | 5,582 (76.5%) |
| Median Home Value | $892,679 |
| Average Home Value | $990,875 |
Housing Distribution
Address Breakdown
Residential
2,698
Single Family
2,698
Multi-Family
0
Businesses
149
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Listed by: Liberto Santonastaso • Ocean Beach Sales
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22524079
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