366 Fort Meyers CtLavalletteNJ08735
Nearby investment properties with comparable rents
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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 Lavallette at 366 Fort Meyers Ct, Lavallette, NJ, 08735 priced at $1,529,000 converts $4,663/mo rent into after a $7,484/mo obligation. Total monthly income equals $4,663/mo. Return on cash invested prints 5.26% in year one, and rental yield reads 3.66% against a $1,529,000 entry. Equity gained on principal adds $9,866/yr, while 5% annual appreciation compiles into $422,435 by year five. Five-year ROI reaches 25.48% and total cumulative return in cash sums $126,224. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,663/mo property income covering a $7,484/mo payment, not borrower’s personal income.
Single Family
Built in 1992
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08735, Lavallette, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,299 (100%) |
| Owner Occupied HU | 1,520 (20.8%) |
| Renter Occupied HU | 197 ( 2.7%) |
| Vacant Housing Units | 5,582 (76.5%) |
| Median Home Value | $892,679 |
| Average Home Value | $990,875 |
Housing Distribution
Address Breakdown
Residential
2,698
Single Family
2,698
Multi-Family
0
Businesses
149
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Nearby investment properties with comparable prices
Listed by: Christina Wheeler • Century 21 The Crossing
Mls Name: GSMLS
Mls Provider:
Mls ID: #3986276
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