2215 Laurel DrPoint PleasantNJ08742
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Point Pleasant at 2215 Laurel Dr, Point Pleasant, NJ, 08742 offers $2,771/mo rent that, after a $6,828/mo payment. Total monthly income is $2,771/mo. Return on cash invested measures 1.33% in year one, and rental yield stands at 2.38% at a $1,395,000 entry. Equity gained on principal adds $9,002/yr while 5% annual appreciation compounds into $385,413 by year five. Five-year ROI records 4.36% and total cumulative return in cash reaches $19,702. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,771/mo property income versus a $6,828/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08742, Point Pleasant Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,538 (100%) |
| Owner Occupied HU | 8,496 (62.8%) |
| Renter Occupied HU | 2,081 (15.4%) |
| Vacant Housing Units | 2,961 (21.9%) |
| Median Home Value | $683,241 |
| Average Home Value | $772,081 |
Housing Distribution
Address Breakdown
Residential
12,450
Single Family
12,242
Multi-Family
208
Businesses
1,303
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