406 18th AvenueLake ComoNJ07719
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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
Total monthly income runs $7,106/mo, and a $8,320/mo payment. Purchase price stands at $1,699,900, and rental yield measures 5.02% with $7,106/mo rent. Return on cash invested shows 9.45% in year one, and 5% annual appreciation builds toward $469,651 over five years. Five-year ROI reaches 47.94% and total cumulative return in cash records $264,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,106/mo property income covering a $8,320/mo payment rather than investor’s personal income.
Single Family
Built in N/A
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07719, Belmar, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,164 (100%) |
| Owner Occupied HU | 6,722 (60.2%) |
| Renter Occupied HU | 2,565 (23.0%) |
| Vacant Housing Units | 1,877 (16.8%) |
| Median Home Value | $785,079 |
| Average Home Value | $830,829 |
Housing Distribution
Address Breakdown
Residential
10,145
Single Family
9,362
Multi-Family
783
Businesses
1,118
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Listed by: Mark C Cowan • The Gallery Residential Brokerage
Mls Name: MOMLS
Mls Provider:
Mls ID: #22434918
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.