3010 Atlantic AvenueAllenwoodNJ08720
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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 Allenwood at 3010 Atlantic Avenue, Allenwood, NJ, 08720 generates $4,986/mo in rent and, after a $3,255/mo payment, leaves $246/mo in cash flow. Total monthly income is $4,986/mo, and annual cash flow is $2,950/yr on $218,785 invested. Return on cash invested sits at 21.41% in year one, and rental yield is 9% on a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 112.09% and total cumulative return in cash sums $245,239. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,986/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08720, Allenwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 210 (100%) |
| Owner Occupied HU | 200 (95.2%) |
| Renter Occupied HU | 8 ( 3.8%) |
| Vacant Housing Units | 2 ( 1.0%) |
| Median Home Value | $790,179 |
| Average Home Value | $783,688 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
132
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Listed by: Andrea A Patterson • Diane Turton, Realtors-Spring Lake
Mls Name: MOMLS
Mls Provider:
Mls ID: #22521678
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.