34 Blue Cedar DriveBrickNJ08723
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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 Brick at 34 Blue Cedar Drive, Brick, NJ, 08723 priced at $915,000 converts $6,382/mo rent into after a $4,478/mo obligation. Total monthly income equals $6,382/mo. Return on cash invested prints 19.5% in year one, and rental yield reads 8.37% against a $915,000 entry. Equity gained on principal adds $5,904/yr, while 5% annual appreciation compiles into $252,798 by year five. Five-year ROI reaches 101.88% and total cumulative return in cash sums $306,689. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,382/mo property income covering a $4,478/mo payment, not borrower’s personal income.
Single Family
Built in 1970
10,018 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: Philip Rizzo • RE/MAX Revolution
Mls Name: MoreMLS
Mls ID: #22600283