23 Pomona DriveBarnegatNJ08005
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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 Barnegat at 23 Pomona Drive, Barnegat, NJ, 08005 uses $174,041 cash to close to unlock $3,883/yr annual cash flow and $324/mo monthly cash flow. Total monthly income runs $4,094/mo, and a $2,589/mo payment keeps the spread at $324/mo. Purchase price stands at $529,000, and rental yield measures 9.29% with $4,094/mo rent. Return on cash invested shows 22.29% in year one, and 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 116.83% and total cumulative return in cash records $203,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,094/mo property income covering a $2,589/mo payment rather than investor’s personal income.
Single Family
Built in 1974
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08005, Barnegat, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,272 (100%) |
| Owner Occupied HU | 9,490 (77.3%) |
| Renter Occupied HU | 1,615 (13.2%) |
| Vacant Housing Units | 1,167 ( 9.5%) |
| Median Home Value | $446,945 |
| Average Home Value | $462,761 |
Housing Distribution
Address Breakdown
Residential
12,355
Single Family
12,093
Multi-Family
262
Businesses
451
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Listed by: Michael Coffee • HOF Realty
Mls Name: MoreMLS
Mls ID: #22527713