389 Bay Shore Dr UNIT 5BarnegatNJ08005
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 Barnegat at 389 Bay Shore Dr UNIT 5, Barnegat, NJ, 08005 priced at $479,900 pairs $2,935/mo rent with after a $2,349/mo payment. Total monthly income equals $2,935/mo. Return on cash invested is 12.85% in year one, and rental yield stands at 7.34% on a $479,900 basis. Equity gained on principal adds $3,097/yr, and 5% annual appreciation accumulates to $132,588 by year five. Five-year ROI measures 67.47% and total cumulative return in cash reaches $107,337. For financing, Ziffy Mortgage’s DSCR program evaluates $2,935/mo property income against a $2,349/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1985
871.20 sqft lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08005, Barnegat, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,272 (100%) |
| Owner Occupied HU | 9,490 (77.3%) |
| Renter Occupied HU | 1,615 (13.2%) |
| Vacant Housing Units | 1,167 ( 9.5%) |
| Median Home Value | $446,945 |
| Average Home Value | $462,761 |
Housing Distribution
Address Breakdown
Residential
12,355
Single Family
12,093
Multi-Family
262
Businesses
451
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Listed by: Patricia R. Wojtyszyn • C-21 Crest Real Estate, Inc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3949981
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