438 N Route 35 #5207MantolokingNJ08738
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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 $1,980/mo, and a $4,400/mo payment. Purchase price stands at $899,000, and rental yield measures 2.64% with $1,980/mo rent. Return on cash invested shows 2.1% in year one, and 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 8.53% and total cumulative return in cash records $25,234. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $4,400/mo payment rather than investor’s personal income.
Condo
Built in 1969
2,613 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: Jackie L Barber • Premier Coastal Properties LLC
Mls Name: MOMLS
Mls ID: #22521155