3 Toledo DriveBrickNJ08723
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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 3 Toledo Drive, Brick, NJ, 08723 priced at $1,400,000 pairs $5,203/mo rent with after a $6,852/mo payment. Total monthly income equals $5,203/mo. Return on cash invested is 7.74% in year one, and rental yield stands at 4.46% on a $1,400,000 basis. Equity gained on principal adds $9,034/yr, and 5% annual appreciation accumulates to $386,794 by year five. Five-year ROI measures 38.73% and total cumulative return in cash reaches $175,687. For financing, Ziffy Mortgage’s DSCR program evaluates $5,203/mo property income against a $6,852/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08723, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,926 (100%) |
| Owner Occupied HU | 10,737 (71.9%) |
| Renter Occupied HU | 2,777 (18.6%) |
| Vacant Housing Units | 1,412 ( 9.5%) |
| Median Home Value | $458,857 |
| Average Home Value | $535,159 |
Housing Distribution
Address Breakdown
Residential
13,974
Single Family
13,359
Multi-Family
615
Businesses
1,178
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Listed by: Daryna Oksamytna • Addison Real Estate
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22513523
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.