38 Barker AvenueEatontownNJ07724
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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
Investment property for sale in Eatontown at 38 Barker Avenue, Eatontown, NJ, 07724 uses $99,119 cash to close to unlock $8,895/yr annual cash flow and $741/mo monthly cash flow. Total monthly income runs $2,872/mo, and a $1,463/mo payment keeps the spread at $741/mo. Purchase price stands at $299,000, and rental yield measures 11.53% with $2,872/mo rent. Return on cash invested shows 28.88% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 152.24% and total cumulative return in cash records $150,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,872/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
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
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Listed by: Sonja Wojcik • Keller Williams Realty Central Monmouth
Mls Name: MoreMLS
Mls ID: #22537040