28 River Edge Drive UNIT 46BrickNJ08724
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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 Brick at 28 River Edge Drive UNIT 46, Brick, NJ, 08724 generates $2,473/mo in rent and, after a $1,121/mo payment, leaves $691/mo in cash flow. Total monthly income is $2,473/mo, and annual cash flow is $8,287/yr on $75,914 invested. Return on cash invested sits at 30.83% in year one, and rental yield is 12.96% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 163.5% and total cumulative return in cash sums $124,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,473/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
8,276 sqft lot
$N/A/sqft
$150 monthly 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: Lisa Waddleton • Keller Williams Realty Ocean Living
Mls Name: MOMLS
Mls Provider:
Mls ID: #22428936
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.