229 Elmwood DriveBrickNJ08723
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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 Brick at 229 Elmwood Drive, Brick, NJ, 08723 with 5% annual appreciation on a $349,900 basis while $3,392/mo rent supports operations. Total monthly income totals $3,392/mo and a $1,713/mo payment preserves $898/mo for cash returns. Annual cash flow comes to $10,771/yr on $115,992 deployed, and return on cash invested reaches 29.19% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,671 alongside rental yield of 11.63%. Five-year ROI measures 153.89% and total cumulative return in cash totals $178,494.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,392/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08723, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,926 (100%) |
| Owner Occupied HU | 10,737 (71.9%) |
| Renter Occupied HU | 2,777 (18.6%) |
| Vacant Housing Units | 1,412 ( 9.5%) |
| Median Home Value | $458,857 |
| Average Home Value | $535,159 |
Housing Distribution
Address Breakdown
Residential
13,974
Single Family
13,359
Multi-Family
615
Businesses
1,178
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Listed by: Jeffrey Palumbo • Coldwell Banker Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22432537
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.