34 Barker AveEatontownNJ07724
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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 Eatontown at 34 Barker Ave, Eatontown, NJ, 07724 priced at $295,000 converts $2,006/mo rent into after a $1,444/mo obligation. Total monthly income equals $2,006/mo. Return on cash invested prints 13.31% in year one, and rental yield reads 8.16% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 70.68% and total cumulative return in cash sums $69,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,006/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$441 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07724, Eatontown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,755 (100%) |
| Owner Occupied HU | 6,938 (64.5%) |
| Renter Occupied HU | 3,315 (30.8%) |
| Vacant Housing Units | 502 ( 4.7%) |
| Median Home Value | $688,009 |
| Average Home Value | $713,207 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
9,673
Multi-Family
673
Businesses
1,179
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Listed by: Emmanuelle Furtade • NEIGHBORHOOD ASSISTANCE CORP
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2513976R
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