3 Rutland Court #63WhitingNJ08759
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 Whiting at 3 Rutland Court #63, Whiting, NJ, 08759 offers $1,761/mo rent that, after a $1,248/mo payment. Total monthly income is $1,761/mo. Return on cash invested measures 19.11% in year one, and rental yield stands at 8.29% at a $254,900 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,424 by year five. Five-year ROI records 99.79% and total cumulative return in cash reaches $84,324. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,761/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08759, Manchester Township, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,283 (100%) |
| Owner Occupied HU | 19,068 (81.9%) |
| Renter Occupied HU | 2,211 ( 9.5%) |
| Vacant Housing Units | 2,004 ( 8.6%) |
| Median Home Value | $231,529 |
| Average Home Value | $352,495 |
Housing Distribution
Address Breakdown
Residential
22,057
Single Family
21,519
Multi-Family
538
Businesses
338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mari Ann Costella • Weichert Realtors-Toms River
Mls Name: MoreMLS
Mls ID: #22528042