438 N Route 35 #2104MantolokingNJ08738
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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
Investment property for sale in Mantoloking at 438 N Route 35 #2104, Mantoloking, NJ, 08738 offers a 3.21% rental yield on a $769,000 purchase with $2,059/mo rent. 83% in year one. Equity gained on principal adds $4,962/yr while 5% annual appreciation supports $212,461 over five years. Portfolio math shows five-year ROI at 17.82% and total cumulative return in cash at $45,079. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,059/mo property income against a $3,764/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A 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: Ronnie Glomb • Your Town Realty
Mls Name: MoreMLS
Mls ID: #22600656