416 Irons StreetForked RiverNJ08731
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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 Forked River at 416 Irons Street, Forked River, NJ, 08731 priced at $525,000 pairs $3,983/mo rent with $241/mo cash flow after a $2,570/mo payment. Total monthly income equals $3,983/mo, and annual cash flow comes to $2,886/yr on $172,725 invested. Return on cash invested is 21.73% in year one, and rental yield stands at 9.1% on a $525,000 basis. Equity gained on principal adds $3,388/yr, and 5% annual appreciation accumulates to $145,048 by year five. Five-year ROI measures 113.83% and total cumulative return in cash reaches $196,617. For financing, Ziffy Mortgage’s DSCR program evaluates $3,983/mo property income against a $2,570/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08731, Forked River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,048 (100%) |
| Owner Occupied HU | 7,829 (77.9%) |
| Renter Occupied HU | 1,113 (11.1%) |
| Vacant Housing Units | 1,106 (11.0%) |
| Median Home Value | $461,309 |
| Average Home Value | $519,264 |
Housing Distribution
Address Breakdown
Residential
9,457
Single Family
9,457
Multi-Family
0
Businesses
610
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Listed by: Lori Donnelly • Weichert Realtors-Toms River
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22528872
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.