319 Wisteria DriveBrickNJ08723
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 Brick at 319 Wisteria Drive, Brick, NJ, 08723 uses $172,725 cash to close to unlock $10,938/yr annual cash flow and $912/mo monthly cash flow. Total monthly income runs $4,654/mo, and a $2,570/mo payment keeps the spread at $912/mo. Purchase price stands at $525,000, and rental yield measures 10.64% with $4,654/mo rent. Return on cash invested shows 26.39% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 138.83% and total cumulative return in cash records $239,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,654/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 1970
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08723, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,926 (100%) |
| Owner Occupied HU | 10,737 (71.9%) |
| Renter Occupied HU | 2,777 (18.6%) |
| Vacant Housing Units | 1,412 ( 9.5%) |
| Median Home Value | $458,857 |
| Average Home Value | $535,159 |
Housing Distribution
Address Breakdown
Residential
13,974
Single Family
13,359
Multi-Family
615
Businesses
1,178
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Listed by: Todd Goldfarb • Homesmart Nexus Realty Group
Mls Name: MoreMLS
Mls ID: #22601796