37 Cherry StreetTinton FallsNJ07724
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 Tinton Falls at 37 Cherry Street, Tinton Falls, NJ, 07724 listed at $529,000 pairs $4,056/mo rent with a $2,589/mo payment to leave $286/mo cash flow. Total monthly income runs $4,056/mo, and annual cash flow reaches $3,427/yr on $174,041 cash to close. Return on cash invested measures 22.03% in year one, and rental yield registers 9.2% at a $529,000 basis. Equity gained on principal adds $3,414/yr, and annual property appreciation at 5% supports $146,153 by year five. Five-year ROI tracks 115.42% and total cumulative return in cash totals $200,885. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,056/mo property income relative to a $2,589/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
4,791 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Reagan • Green Light Realty
Mls Name: MoreMLS
Mls ID: #22603069