360 N Main StBarnegatNJ08005
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 Barnegat at 360 N Main St, Barnegat, NJ, 08005 at $199,900 posts ROI 22.06% with $119/mo cash flow from $1,543/mo rent. Total monthly income equals $1,543/mo, and annual cash flow records $1,423/yr on $66,267 to close. Return on cash invested measures 22.06% and rental yield reads 9.26% at the current $199,900. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 by year five. Five-year ROI prints 115.62% and total cumulative return in cash totals $76,621.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,543/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
7,392 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08005, Barnegat, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,272 (100%) |
| Owner Occupied HU | 9,490 (77.3%) |
| Renter Occupied HU | 1,615 (13.2%) |
| Vacant Housing Units | 1,167 ( 9.5%) |
| Median Home Value | $446,945 |
| Average Home Value | $462,761 |
Housing Distribution
Address Breakdown
Residential
12,355
Single Family
12,093
Multi-Family
262
Businesses
451
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Listed by: Joseph Mayo IV • RE/MAX of Long Beach Island
Mls Name: Bright MLS
Mls ID: #NJOC2039126