217 Nantucket RoadForked RiverNJ08731
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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 Forked River at 217 Nantucket Road, Forked River, NJ, 08731 uses $218,785 cash to close to unlock $7,210/yr annual cash flow and $601/mo monthly cash flow. Total monthly income runs $5,341/mo, and a $3,255/mo payment keeps the spread at $601/mo. Purchase price stands at $665,000, and rental yield measures 9.64% with $5,341/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 122.53% and total cumulative return in cash records $268,075. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,341/mo property income covering a $3,255/mo payment rather than investor’s personal income.
Single Family
Built in 2024
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08731, Forked River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,048 (100%) |
| Owner Occupied HU | 7,829 (77.9%) |
| Renter Occupied HU | 1,113 (11.1%) |
| Vacant Housing Units | 1,106 (11.0%) |
| Median Home Value | $461,309 |
| Average Home Value | $519,264 |
Housing Distribution
Address Breakdown
Residential
9,457
Single Family
9,457
Multi-Family
0
Businesses
610
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Listed by: Dawn M Tonnessen • Weichert Realtors-Toms River
Mls Name: MoreMLS
Mls ID: #22602856