40 Ward DriveBrickNJ08723
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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 Brick at 40 Ward Drive, Brick, NJ, 08723 priced at $625,000 converts $3,886/mo rent into after a $3,059/mo obligation. Total monthly income equals $3,886/mo. Return on cash invested prints 16.74% in year one, and rental yield reads 7.46% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 87.07% and total cumulative return in cash sums $179,041. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,886/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 1940
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08723, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,926 (100%) |
| Owner Occupied HU | 10,737 (71.9%) |
| Renter Occupied HU | 2,777 (18.6%) |
| Vacant Housing Units | 1,412 ( 9.5%) |
| Median Home Value | $458,857 |
| Average Home Value | $535,159 |
Housing Distribution
Address Breakdown
Residential
13,974
Single Family
13,359
Multi-Family
615
Businesses
1,178
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Listed by: John Hazelet • Hazelet Realty Group, LLC
Mls Name: MoreMLS
Mls ID: #22530431