47 Des Moines CourtTinton FallsNJ07712
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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 Tinton Falls at 47 Des Moines Court, Tinton Falls, NJ, 07712 uses $95,804 cash to close to unlock $2,107/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $2,479/mo, and a $1,415/mo payment keeps the spread at $176/mo. Purchase price stands at $289,000, and rental yield measures 10.29% with $2,479/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 117% and total cumulative return in cash records $112,094. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,479/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Condo
Built in 1990
435.60 sqft lot
$N/A/sqft
$243 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07712, Asbury Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,067 (100%) |
| Owner Occupied HU | 8,930 (44.5%) |
| Renter Occupied HU | 9,346 (46.6%) |
| Vacant Housing Units | 1,791 ( 8.9%) |
| Median Home Value | $657,840 |
| Average Home Value | $712,237 |
Housing Distribution
Address Breakdown
Residential
18,546
Single Family
14,594
Multi-Family
3,952
Businesses
1,468
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Listed by: Sheryl Dente • Weichert Realtors-Holmdel
Mls Name: MOMLS
Mls Provider:
Mls ID: #22429280
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.