408 Deuce DriveWall TownshipNJ07719
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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 Wall Township at 408 Deuce Drive, Wall Township, NJ, 07719 priced at $575,000 converts $4,680/mo rent into $255/mo cash flow after a $2,814/mo obligation. Total monthly income equals $4,680/mo, and annual cash flow totals $3,058/yr on $189,175 invested. Return on cash invested prints 21.68% in year one, and rental yield reads 9.77% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 114.27% and total cumulative return in cash sums $216,179. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,680/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Condo
Built in 1997
871.20 sqft lot
$N/A/sqft
$327 monthly 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: Susan Staffordsmith • Keller Williams Shore Properties
Mls Name: MOMLS
Mls Provider:
Mls ID: #22510479
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.