216 Fairway LaneNeptuneNJ07753
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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 Neptune at 216 Fairway Lane, Neptune, NJ, 07753 uses $295,771 cash to close to unlock $7,191/yr annual cash flow and $599/mo monthly cash flow. Total monthly income runs $7,007/mo, and a $4,400/mo payment keeps the spread at $599/mo. Purchase price stands at $899,000, and rental yield measures 9.35% with $7,007/mo rent. Return on cash invested shows 22.49% in year one, and 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 117.91% and total cumulative return in cash records $348,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,007/mo property income covering a $4,400/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A 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: Rocio Lila Alsieux • The Gallery Residential Brokerage
Mls Name: MoreMLS
Mls ID: #22529579