24 Old Mill CourtWall TownshipNJ07719
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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
Rental property for sale in Wall Township at 24 Old Mill Court, Wall Township, NJ, 07719 priced at $680,000 converts $3,574/mo rent into after a $3,328/mo obligation. Total monthly income equals $3,574/mo. Return on cash invested prints 13.23% in year one, and rental yield reads 6.31% against a $680,000 entry. Equity gained on principal adds $4,388/yr, while 5% annual appreciation compiles into $187,871 by year five. Five-year ROI reaches 68.27% and total cumulative return in cash sums $152,724. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,574/mo property income covering a $3,328/mo payment, not borrower’s personal income.
Condo
Built in 1985
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07719, Belmar, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,164 (100%) |
| Owner Occupied HU | 6,722 (60.2%) |
| Renter Occupied HU | 2,565 (23.0%) |
| Vacant Housing Units | 1,877 (16.8%) |
| Median Home Value | $785,079 |
| Average Home Value | $830,829 |
Housing Distribution
Address Breakdown
Residential
10,145
Single Family
9,362
Multi-Family
783
Businesses
1,118
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Listed by: Edward James Szumski • Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Mls Name: MoreMLS
Mls ID: #22535279