22 Corrigan AvenuePine BeachNJ08741
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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
Rental property for sale in Pine Beach at 22 Corrigan Avenue, Pine Beach, NJ, 08741 generates $5,236/mo in rent, after a $3,666/mo payment. Total monthly income is $5,236/mo. Return on cash invested sits at 19.56% in year one, and rental yield is 8.39% on a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 102.18% and total cumulative return in cash sums $251,800. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,236/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08741, Pine Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,190 (100%) |
| Owner Occupied HU | 900 (75.6%) |
| Renter Occupied HU | 186 (15.6%) |
| Vacant Housing Units | 104 ( 8.7%) |
| Median Home Value | $551,408 |
| Average Home Value | $605,528 |
Housing Distribution
Address Breakdown
Residential
1,150
Single Family
1,150
Multi-Family
0
Businesses
70
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Listed by: Anna Eichen • RE/MAX at Barnegat Bay
Mls Name: MOMLS
Mls Provider:
Mls ID: #22515235
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.