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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spring Lake at 217 Lorraine Avenue, Spring Lake, NJ, 07762 projects strong ROI of 7.11%. Rental yield 4.26%. With 5% annual appreciation, the property builds $1,837,272 in value over five years. Equity growth combined delivers a projected five-year ROI of 35.37%, translating into $762,155 in total cumulative return on $2,154,600 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2004
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07762, Spring Lake, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,755 (100%) |
| Owner Occupied HU | 2,831 (49.2%) |
| Renter Occupied HU | 1,406 (24.4%) |
| Vacant Housing Units | 1,518 (26.4%) |
| Median Home Value | $888,913 |
| Average Home Value | $1,183,369 |
Residential
5,253
Single Family
4,594
Multi-Family
659
Businesses
476
Date | Event | Price |
|---|---|---|
| 2024-08-23 | Listed for sale | $6,650,000 |
| 2024-05-29 | Listing removed | N/A |
| 2023-11-28 | Listed for sale | $6,500,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $22487.62 | 3.51% | $4,470,700 | 6.39% |
| 2022-11-12 | $21724.86 | -0.05% | $4,202,100 | 16.00% |
| 2021-11-12 | $21735.00 | -16.04% | $3,622,500 | -13.54% |
No similar rental properties found nearby.
What's Special
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Listed by: Edward James Szumski • Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Mls Name: MOMLS
Mls Provider:
Mls ID: #22424084
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.
