22 Toomin DriveNeptuneNJ07753
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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 22 Toomin Drive, Neptune, NJ, 07753 listed at $579,000 pairs $4,715/mo rent with a $2,834/mo payment to leave $588/mo cash flow. Total monthly income runs $4,715/mo, and annual cash flow reaches $7,055/yr on $190,491 cash to close. Return on cash invested measures 23.76% in year one, and rental yield registers 9.77% at a $579,000 basis. Equity gained on principal adds $3,736/yr, and annual property appreciation at 5% supports $159,967 by year five. Five-year ROI tracks 124.72% and total cumulative return in cash totals $237,583. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,715/mo property income relative to a $2,834/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
0.29 Acres 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: George Russ • Keller Williams Realty West Monmouth
Mls Name: MOMLS
Mls Provider:
Mls ID: #22506829
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.