313 Merrimac RoadForked RiverNJ08731
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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 Forked River at 313 Merrimac Road, Forked River, NJ, 08731 with 5% annual appreciation on a $384,900 basis while $3,644/mo rent supports operations. Total monthly income totals $3,644/mo and a $1,884/mo payment preserves $900/mo for cash returns. Annual cash flow comes to $10,805/yr on $127,594 deployed, and return on cash invested reaches 28.38% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,341 alongside rental yield of 11.36%. Five-year ROI measures 149.51% and total cumulative return in cash totals $190,767.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,644/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08731, Forked River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,048 (100%) |
| Owner Occupied HU | 7,829 (77.9%) |
| Renter Occupied HU | 1,113 (11.1%) |
| Vacant Housing Units | 1,106 (11.0%) |
| Median Home Value | $461,309 |
| Average Home Value | $519,264 |
Housing Distribution
Address Breakdown
Residential
9,457
Single Family
9,457
Multi-Family
0
Businesses
610
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Listed by: Kathleen Festino • C21/ Lawrence Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22515383
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.