438 Highway 35 N UNIT 1304MantolokingNJ08738
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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
Total monthly income runs $3,132/mo, and a $2,643/mo payment. Purchase price stands at $539,900, and rental yield measures 6.96% with $3,132/mo rent. Return on cash invested shows 12.01% in year one, and 5% annual appreciation builds toward $149,164 over five years. Five-year ROI reaches 62.87% and total cumulative return in cash records $111,679. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,132/mo property income covering a $2,643/mo payment rather than investor’s personal income.
Condo
Built in 1969
1,306 sqft lot
$N/A/sqft
$475 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08738, Mantoloking, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,871 (100%) |
| Owner Occupied HU | 462 (24.7%) |
| Renter Occupied HU | 36 ( 1.9%) |
| Vacant Housing Units | 1,373 (73.4%) |
| Median Home Value | $1,404,494 |
| Average Home Value | $1,497,500 |
Housing Distribution
Address Breakdown
Residential
938
Single Family
938
Multi-Family
0
Businesses
40
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Listed by: Maria Micciola • RE/MAX Central
Mls Name: MOMLS
Mls Provider:
Mls ID: #22520590
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.