23 Bay Breeze DriveWaretownNJ08758
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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 Waretown at 23 Bay Breeze Drive, Waretown, NJ, 08758 priced at $437,990 converts $3,180/mo rent into $58/mo cash flow after a $2,144/mo obligation. Total monthly income equals $3,180/mo, and annual cash flow totals $694/yr on $145,194 invested. Return on cash invested prints 20.39% in year one, and rental yield reads 8.71% against a $437,990 entry. Equity gained on principal adds $2,826/yr, while 5% annual appreciation compiles into $121,009 by year five. Five-year ROI reaches 106.63% and total cumulative return in cash sums $154,815. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,180/mo property income covering a $2,144/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08758, Waretown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,118 (100%) |
| Owner Occupied HU | 3,057 (74.2%) |
| Renter Occupied HU | 496 (12.0%) |
| Vacant Housing Units | 565 (13.7%) |
| Median Home Value | $566,761 |
| Average Home Value | $599,940 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,942
Multi-Family
77
Businesses
156
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Listed by: Linda Kirk • D. R . Horton Realty of Atlantic County LLC
Mls Name: MoreMLS
Mls ID: #22516087