405 Myrtle AvenueNeptuneNJ07753
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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 Neptune at 405 Myrtle Avenue, Neptune, NJ, 07753 earns $106/mo cash flow from $3,662/mo rent with a $2,442/mo payment. Total monthly income totals $3,662/mo, and annual cash flow totals $1,267/yr on $165,419 capital. ROI tracks 20.67% on current figures, and rental yield reads 8.81% at a $499,000 purchase. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 over five years. Five-year ROI reaches 108.18% and total cumulative return in cash sums $178,950. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,662/mo property income instead of your personal income.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07753, Neptune, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,978 (100%) |
| Owner Occupied HU | 10,727 (63.2%) |
| Renter Occupied HU | 5,243 (30.9%) |
| Vacant Housing Units | 1,008 ( 5.9%) |
| Median Home Value | $469,423 |
| Average Home Value | $541,040 |
Housing Distribution
Address Breakdown
Residential
16,140
Single Family
14,110
Multi-Family
2,030
Businesses
1,097
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Listed by: Raquel Gadeloff • Cathy Ades Real Estate LLC
Mls Name: MoreMLS
Mls ID: #22534697