289 Costa Mesa DriveToms RiverNJ08757
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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 Toms River at 289 Costa Mesa Drive, Toms River, NJ, 08757 priced at $299,000 converts $2,722/mo rent into $591/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,722/mo, and annual cash flow totals $7,095/yr on $99,119 invested. Return on cash invested prints 27.07% in year one, and rental yield reads 10.92% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 142.49% and total cumulative return in cash sums $141,238. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,722/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1983
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08757, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,526 (100%) |
| Owner Occupied HU | 15,976 (77.8%) |
| Renter Occupied HU | 2,528 (12.3%) |
| Vacant Housing Units | 2,022 ( 9.9%) |
| Median Home Value | $288,781 |
| Average Home Value | $336,075 |
Housing Distribution
Address Breakdown
Residential
18,568
Single Family
18,567
Multi-Family
1
Businesses
172
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Listed by: Nicole Pagnoni • RE/MAX at Barnegat Bay
Mls Name: MoreMLS
Mls ID: #22530741