3028 Quail Ridge Boulevard #606FarmingdaleNJ07727
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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
Investment property for sale in Farmingdale at 3028 Quail Ridge Boulevard #606, Farmingdale, NJ, 07727 uses $246,421 cash to close to unlock $5,775/yr annual cash flow and $481/mo monthly cash flow. Total monthly income runs $5,820/mo, and a $3,666/mo payment keeps the spread at $481/mo. Purchase price stands at $749,000, and rental yield measures 9.32% with $5,820/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 117.44% and total cumulative return in cash records $289,408. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,820/mo property income covering a $3,666/mo payment rather than investor’s personal income.
Condo
Built in 2024
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07727, Farmingdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,702 (100%) |
| Owner Occupied HU | 2,746 (74.2%) |
| Renter Occupied HU | 717 (19.4%) |
| Vacant Housing Units | 239 ( 6.5%) |
| Median Home Value | $749,757 |
| Average Home Value | $766,476 |
Housing Distribution
Address Breakdown
Residential
3,338
Single Family
3,198
Multi-Family
140
Businesses
677
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Listed by: Caroline Garguilo • Keller Williams Realty Central Monmouth
Mls Name: MOMLS
Mls ID: #22523383