38 Barker Avenue, Eatontown, NJ, 07724 | $751/mo Cash Flow

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38 Barker Avenue, Eatontown, NJ, 07724 | $751/mo Cash Flow | Ziffy

For Sale

Listed for sale 1 day ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Eatontown at 38 Barker Avenue, Eatontown, NJ, 07724 uses $99,119 cash to close to unlock $9,015/yr annual cash flow and $751/mo monthly cash flow. Total monthly income runs $2,882/mo, and a $1,463/mo payment keeps the spread at $751/mo. Purchase price stands at $299,000, and rental yield measures 11.57% with $2,882/mo rent. Return on cash invested shows 29% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 152.87% and total cumulative return in cash records $151,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,882/mo property income covering a $1,463/mo payment rather than investor’s personal income.

Condo

Built in 1985

8.01 Acres lot

$N/A/sqft

No HOA

More details about the property

Gorgeous Fully Renovated 2-Bedroom End Unit in Shrewsbury Township! This move-in-ready home features beautifully refinished natural hardwood floors throughout the living room, dining room, and bedrooms, complemented by LifeProof flooring in the kitchen. Enjoy a bright, spacious eat-in kitchen with granite countertops, brand-new white cabinetry, stainless steel appliances, recessed lighting, and a charming coffee/serving nook. The stunning new bathroom offers porcelain tile detailing and a stylish rolling barn door. Step outside to an enormous fenced-in backyard with a large deck off the kitchen, two sheds, and a walkwayperfect for entertaining or relaxing. Ideally located close to Red Bank, NYC train, major commuting routes, restaurants, shopping, and beaches. Ample parking. A must-see!

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