308 Sea Spray LaneNeptuneNJ07753
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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 Neptune at 308 Sea Spray Lane, Neptune, NJ, 07753 at $775,000 posts ROI 12.6% with from $3,938/mo rent. Total monthly income equals $3,938/mo. Return on cash invested measures 12.6% and rental yield reads 6.1% at the current $775,000. Equity gained on principal adds $5,001/yr, and 5% annual appreciation supports $214,118 by year five. Five-year ROI prints 64.85% and total cumulative return in cash totals $165,343. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,938/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1987
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07753, Neptune, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,978 (100%) |
| Owner Occupied HU | 10,727 (63.2%) |
| Renter Occupied HU | 5,243 (30.9%) |
| Vacant Housing Units | 1,008 ( 5.9%) |
| Median Home Value | $469,423 |
| Average Home Value | $541,040 |
Housing Distribution
Address Breakdown
Residential
16,140
Single Family
14,110
Multi-Family
2,030
Businesses
1,097
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Listed by: Gina Meleo • Nest Seekers New Jersey, LLC
Mls Name: MoreMLS
Mls ID: #22602851