301 Prosper WayBrickNJ08723
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
Investment property for sale in Brick at 301 Prosper Way, Brick, NJ, 08723 at $545,000 posts ROI 21.36% with $195/mo cash flow from $4,080/mo rent. Total monthly income equals $4,080/mo, and annual cash flow records $2,338/yr on $179,305 to close. Return on cash invested measures 21.36% and rental yield reads 8.98% at the current $545,000. Equity gained on principal adds $3,517/yr, and 5% annual appreciation supports $150,573 by year five. Five-year ROI prints 111.86% and total cumulative return in cash totals $200,568.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,080/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2021
5,662 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: Patricia Florkowski • RE/MAX Revolution
Mls Name: MoreMLS
Mls ID: #22532529