23 Cedar AveManahawkinNJ08050
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 Manahawkin at 23 Cedar Ave, Manahawkin, NJ, 08050 at $315,000 posts ROI 30.3% with $905/mo cash flow from $3,150/mo rent. Total monthly income equals $3,150/mo, and annual cash flow records $10,854/yr on $104,423 to close. Return on cash invested measures 30.3% and rental yield reads 12% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 159.82% and total cumulative return in cash totals $166,889.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,150/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08050, Manahawkin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,960 (100%) |
| Owner Occupied HU | 10,027 (67.0%) |
| Renter Occupied HU | 1,553 (10.4%) |
| Vacant Housing Units | 3,380 (22.6%) |
| Median Home Value | $457,496 |
| Average Home Value | $521,139 |
Housing Distribution
Address Breakdown
Residential
12,224
Single Family
11,848
Multi-Family
376
Businesses
767
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kenneth Nilson • RE/MAX at Barnegat Bay - Ship Bottom
Mls Name: Bright MLS
Mls ID: #NJOC2036320