212 Drake RoadBrickNJ08723
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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 212 Drake Road, Brick, NJ, 08723 offers a 7.9% rental yield on a $615,000 purchase with $4,049/mo rent. 08% in year one. Equity gained on principal adds $3,969/yr while 5% annual appreciation supports $169,913 over five years. Portfolio math shows five-year ROI at 94.22% and total cumulative return in cash at $190,649. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,049/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08723, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,926 (100%) |
| Owner Occupied HU | 10,737 (71.9%) |
| Renter Occupied HU | 2,777 (18.6%) |
| Vacant Housing Units | 1,412 ( 9.5%) |
| Median Home Value | $458,857 |
| Average Home Value | $535,159 |
Housing Distribution
Address Breakdown
Residential
13,974
Single Family
13,359
Multi-Family
615
Businesses
1,178
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Listed by: Nancy Coviello • RE/MAX Central
Mls Name: MoreMLS
Mls ID: #22526564