305 Springfield AvenuePine BeachNJ08741
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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 Pine Beach at 305 Springfield Avenue, Pine Beach, NJ, 08741 generates $4,045/mo in rent and, after a $2,349/mo payment, leaves $624/mo in cash flow. Total monthly income is $4,045/mo, and annual cash flow is $7,491/yr on $159,087 invested. Return on cash invested sits at 24.62% in year one, and rental yield is 10.11% on a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 129.35% and total cumulative return in cash sums $205,773. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,045/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08741, Pine Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,190 (100%) |
| Owner Occupied HU | 900 (75.6%) |
| Renter Occupied HU | 186 (15.6%) |
| Vacant Housing Units | 104 ( 8.7%) |
| Median Home Value | $551,408 |
| Average Home Value | $605,528 |
Housing Distribution
Address Breakdown
Residential
1,150
Single Family
1,150
Multi-Family
0
Businesses
70
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Listed by: Brenda Keane • Weichert Realtors-Forked River
Mls Name: MOMLS
Mls Provider:
Mls ID: #22509913
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.