438 Route 35 #3201MantolokingNJ08738
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play438 Route 35 #3201, Mantoloking, NJ, 08738 in Mantoloking is priced for appreciation, not yield. Rental yield 2.4%. At $989,000 with a 2.4% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $273,242 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.45) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $52,866.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 2.4% | 6.2% |
| Monthly Cash Flow | $(5,953) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,980 |
| Total Monthly Debt Service | $6,656 |
| DSCR Ratio | 0.30x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MoreMLS
Mls ID: #22613483