2616 Lantern Light WayWall TownshipNJ08736
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
Rental property for sale in Wall Township at 2616 Lantern Light Way, Wall Township, NJ, 08736 offers $5,183/mo rent that, after a $4,160/mo payment. Total monthly income is $5,183/mo. Return on cash invested measures 14.66% in year one, and rental yield stands at 7.32% at a $850,000 entry. Equity gained on principal adds $5,485/yr while 5% annual appreciation compounds into $234,839 by year five. Five-year ROI records 76.5% and total cumulative return in cash reaches $213,922. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,183/mo property income versus a $4,160/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
8,712 sqft lot
$N/A/sqft
$1,150 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08736, Manasquan, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,356 (100%) |
| Owner Occupied HU | 4,432 (69.7%) |
| Renter Occupied HU | 817 (12.9%) |
| Vacant Housing Units | 1,107 (17.4%) |
| Median Home Value | $865,375 |
| Average Home Value | $943,515 |
Housing Distribution
Address Breakdown
Residential
5,692
Single Family
5,642
Multi-Family
50
Businesses
869
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Listed by: Lois Desalvo • Weichert Realtors-Brick
Mls Name: MOMLS
Mls Provider:
Mls ID: #22501141
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.