308 Cedar Grove RoadToms RiverNJ08753
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 Toms River at 308 Cedar Grove Road, Toms River, NJ, 08753 at $549,999 posts ROI 20.76% with $106/mo cash flow from $4,026/mo rent. Total monthly income equals $4,026/mo, and annual cash flow records $1,268/yr on $180,950 to close. Return on cash invested measures 20.76% and rental yield reads 8.78% at the current $549,999. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 by year five. Five-year ROI prints 108.63% and total cumulative return in cash totals $196,557.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,026/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08753, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,100 (100%) |
| Owner Occupied HU | 19,843 (70.6%) |
| Renter Occupied HU | 5,818 (20.7%) |
| Vacant Housing Units | 2,439 ( 8.7%) |
| Median Home Value | $485,093 |
| Average Home Value | $561,358 |
Housing Distribution
Address Breakdown
Residential
25,785
Single Family
25,474
Multi-Family
311
Businesses
1,634
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Listed by: Michael Butterworth • RE/MAX at Barnegat Bay
Mls Name: MoreMLS
Mls ID: #22600888