438 N Route 35 #1208MantolokingNJ08738
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Nearby investment properties with comparable prices
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
Investment property for sale in Mantoloking at 438 N Route 35 #1208, Mantoloking, NJ, 08738 listed at $680,000 pairs $1,980/mo rent with a $3,328/mo payment. Total monthly income runs $1,980/mo. Return on cash invested measures 4.68% in year one, and rental yield registers 3.49% at a $680,000 basis. Equity gained on principal adds $4,388/yr, and annual property appreciation at 5% supports $187,871 by year five. Five-year ROI tracks 22.41% and total cumulative return in cash totals $50,136. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,980/mo property income relative to a $3,328/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1969
1,742 sqft lot
$N/A/sqft
No 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: Peter Corbet Thomas • Keller Williams Realty Premier Properties
Mls Name: MoreMLS
Mls ID: #22525455