417 Main StreetBayvilleNJ08721
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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 Bayville at 417 Main Street, Bayville, NJ, 08721 priced at $482,500 pairs $4,180/mo rent with $740/mo cash flow after a $2,362/mo payment. Total monthly income equals $4,180/mo, and annual cash flow comes to $8,885/yr on $159,949 invested. Return on cash invested is 25.46% in year one, and rental yield stands at 10.4% on a $482,500 basis. Equity gained on principal adds $3,114/yr, and 5% annual appreciation accumulates to $133,306 by year five. Five-year ROI measures 133.87% and total cumulative return in cash reaches $214,125. For financing, Ziffy Mortgage’s DSCR program evaluates $4,180/mo property income against a $2,362/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08721, Bayville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,619 (100%) |
| Owner Occupied HU | 7,129 (74.1%) |
| Renter Occupied HU | 1,504 (15.6%) |
| Vacant Housing Units | 986 (10.3%) |
| Median Home Value | $471,653 |
| Average Home Value | $536,444 |
Housing Distribution
Address Breakdown
Residential
8,902
Single Family
8,902
Multi-Family
0
Businesses
409
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Listed by: Joseph Shimonis • Apple Realty and Investment LLC
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22516604
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.