2224 Mount Hope LaneToms RiverNJ08753
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
Investment property for sale in Toms River at 2224 Mount Hope Lane, Toms River, NJ, 08753 uses $74,588 cash to close to unlock $15,654/yr annual cash flow and $1,305/mo monthly cash flow. Total monthly income runs $2,908/mo, and a $1,101/mo payment keeps the spread at $1,305/mo. Purchase price stands at $225,000, and rental yield measures 15.51% with $2,908/mo rent. Return on cash invested shows 40.9% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 216.64% and total cumulative return in cash records $161,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,908/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1969
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08753, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,100 (100%) |
| Owner Occupied HU | 19,843 (70.6%) |
| Renter Occupied HU | 5,818 (20.7%) |
| Vacant Housing Units | 2,439 ( 8.7%) |
| Median Home Value | $485,093 |
| Average Home Value | $561,358 |
Housing Distribution
Address Breakdown
Residential
25,785
Single Family
25,474
Multi-Family
311
Businesses
1,634
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert L Goselin • EXIT Realty Jersey Shore
Mls Name: MoreMLS
Mls ID: #22528821