241 Bay AvenueLeonardoNJ07737
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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 Leonardo at 241 Bay Avenue, Leonardo, NJ, 07737 priced at $575,000 converts $3,895/mo rent into after a $2,814/mo obligation. Total monthly income equals $3,895/mo. Return on cash invested prints 18.77% in year one, and rental yield reads 8.13% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 97.94% and total cumulative return in cash sums $185,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,895/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 1908
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07737, Leonardo, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,619 (100%) |
| Owner Occupied HU | 1,336 (82.5%) |
| Renter Occupied HU | 203 (12.5%) |
| Vacant Housing Units | 80 ( 4.9%) |
| Median Home Value | $589,435 |
| Average Home Value | $661,622 |
Housing Distribution
Address Breakdown
Residential
1,529
Single Family
1,529
Multi-Family
0
Businesses
71
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Listed by: Kristina M Mager • RE/MAX First Class
Mls Name: MOMLS
Mls Provider:
Mls ID: #22432780
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.