408 Spiral DriveBrickNJ08724
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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 408 Spiral Drive, Brick, NJ, 08724 priced at $350,000 pairs $2,924/mo rent with $429/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,924/mo, and annual cash flow comes to $5,152/yr on $116,025 invested. Return on cash invested is 24.35% in year one, and rental yield stands at 10.03% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 127.9% and total cumulative return in cash reaches $148,394. For financing, Ziffy Mortgage’s DSCR program evaluates $2,924/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
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Listed by: Amy R. Sokol Tanella • ERA/ Byrne Realty
Mls Name: MoreMLS
Mls ID: #22536036