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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Brick at 3 River Edge Drive UNIT 2, Brick, NJ, 08724 listed at $199,500 pairs $2,366/mo rent with a $976/mo payment to leave $794/mo cash flow. Total monthly income runs $2,366/mo, and annual cash flow reaches $9,533/yr on $66,134 cash to close. Return on cash invested measures 34.32% in year one, and rental yield registers 14.23% at a $199,500 basis. Equity gained on principal adds $1,287/yr, and annual property appreciation at 5% supports $55,118 by year five. Five-year ROI tracks 182.4% and total cumulative return in cash totals $120,631. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,366/mo property income relative to a $976/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
6,969 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
| 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 |
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
Date | Event | Price |
|---|---|---|
| 2024-08-07 | Listed for sale | $199,500 |
| 2021-06-02 | Listing removed | N/A |
| 2021-03-20 | Pending sale | $129,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Reynaldo Castaneda • Weichert Realtors-Manalapan
Mls Name: MOMLS
Mls Provider:
Mls ID: #22422663
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.
