23 Higgins CourtBrickNJ08724
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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 23 Higgins Court, Brick, NJ, 08724 with 5% annual appreciation on a $349,900 basis while $2,809/mo rent supports operations. Total monthly income totals $2,809/mo and a $1,713/mo payment preserves $315/mo for cash returns. Annual cash flow comes to $3,775/yr on $115,992 deployed, and return on cash invested reaches 23.16% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,671 alongside rental yield of 9.63%. Five-year ROI measures 121.52% and total cumulative return in cash totals $140,958.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,809/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1976
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
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Listed by: Thomas Babyak • NextHome Realty Premier Properties
Mls Name: MoreMLS
Mls ID: #22602421