38 Morden Close #1000FreeholdNJ07728
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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
Rental property for sale in Freehold at 38 Morden Close #1000, Freehold, NJ, 07728 generates $3,317/mo in rent and, after a $2,051/mo payment, leaves $330/mo in cash flow. Total monthly income is $3,317/mo, and annual cash flow is $3,963/yr on $138,899 invested. Return on cash invested sits at 22.76% in year one, and rental yield is 9.5% on a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 119.39% and total cumulative return in cash sums $165,833. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,317/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07728, Freehold, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,199 (100%) |
| Owner Occupied HU | 15,984 (72.0%) |
| Renter Occupied HU | 5,174 (23.3%) |
| Vacant Housing Units | 1,041 ( 4.7%) |
| Median Home Value | $605,836 |
| Average Home Value | $628,077 |
Housing Distribution
Address Breakdown
Residential
20,840
Single Family
19,700
Multi-Family
1,140
Businesses
2,135
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Listed by: Christopher Teevan • Real Broker, LLC- Red Bank
Mls Name: MoreMLS
Mls ID: #22601344