406 Santa Anita LaneToms RiverNJ08755
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 Toms River at 406 Santa Anita Lane, Toms River, NJ, 08755 priced at $315,000 converts $2,804/mo rent into $189/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,804/mo, and annual cash flow totals $2,262/yr on $104,423 invested. Return on cash invested prints 22.08% in year one, and rental yield reads 10.68% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 117.26% and total cumulative return in cash sums $122,441. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,804/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Condo
Built in 1987
1,306 sqft lot
$N/A/sqft
$370 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Irvin Pollack • Exit Realty Jackson NJ
Mls Name: MOMLS
Mls Provider:
Mls ID: #22509714
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.