37 E Flamingo WayLavalletteNJ08735
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
Rental property for sale in Lavallette at 37 E Flamingo Way, Lavallette, NJ, 08735 priced at $649,000 converts $2,878/mo rent into after a $3,177/mo obligation. Total monthly income equals $2,878/mo. Return on cash invested prints 10.23% in year one, and rental yield reads 5.32% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 52.18% and total cumulative return in cash sums $111,408. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,878/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1,742 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephen Krug • RE/MAX at Barnegat Bay
Mls Name: MoreMLS
Mls ID: #22601554