38 Coventry CourtBrickNJ08724
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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 Brick at 38 Coventry Court, Brick, NJ, 08724 priced at $299,000 converts $2,140/mo rent into $9/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,140/mo, and annual cash flow totals $111/yr on $99,119 invested. Return on cash invested prints 20.02% in year one, and rental yield reads 8.59% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 104.71% and total cumulative return in cash sums $103,786. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,140/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Condo
Built in 1975
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
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Listed by: Dawn Parlapiano • Chris Smith Realty
Mls Name: MoreMLS
Mls ID: #22527875