31 E Bay WayLavalletteNJ08735
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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 Lavallette at 31 E Bay Way, Lavallette, NJ, 08735 priced at $849,000 pairs $2,442/mo rent with after a $4,155/mo payment. Total monthly income equals $2,442/mo. Return on cash invested is 4.32% in year one, and rental yield stands at 3.45% on a $849,000 basis. Equity gained on principal adds $5,478/yr, and 5% annual appreciation accumulates to $234,563 by year five. Five-year ROI measures 20.54% and total cumulative return in cash reaches $57,380. For financing, Ziffy Mortgage’s DSCR program evaluates $2,442/mo property income against a $4,155/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
1,306 sqft lot
$N/A/sqft
$650 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08735, Lavallette, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,299 (100%) |
| Owner Occupied HU | 1,520 (20.8%) |
| Renter Occupied HU | 197 ( 2.7%) |
| Vacant Housing Units | 5,582 (76.5%) |
| Median Home Value | $892,679 |
| Average Home Value | $990,875 |
Housing Distribution
Address Breakdown
Residential
2,698
Single Family
2,698
Multi-Family
0
Businesses
149
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Listed by: Angela Serio • Ocean Beach Sales
Mls Name: MOMLS
Mls Provider:
Mls ID: #22429196
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.