47 Picket PlaceFreeholdNJ07728
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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
Rental property for sale in Freehold at 47 Picket Place, Freehold, NJ, 07728 priced at $537,500 converts $4,454/mo rent into $623/mo cash flow after a $2,631/mo obligation. Total monthly income equals $4,454/mo, and annual cash flow totals $7,471/yr on $176,838 invested. Return on cash invested prints 24.29% in year one, and rental yield reads 9.94% against a $537,500 entry. Equity gained on principal adds $3,468/yr, while 5% annual appreciation compiles into $148,501 by year five. Five-year ROI reaches 127.52% and total cumulative return in cash sums $225,501. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,454/mo property income covering a $2,631/mo payment, not borrower’s personal income.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07728, Freehold, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,199 (100%) |
| Owner Occupied HU | 15,984 (72.0%) |
| Renter Occupied HU | 5,174 (23.3%) |
| Vacant Housing Units | 1,041 ( 4.7%) |
| Median Home Value | $605,836 |
| Average Home Value | $628,077 |
Housing Distribution
Address Breakdown
Residential
20,840
Single Family
19,700
Multi-Family
1,140
Businesses
2,135
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Listed by: Brian Teitel • Berkshire Hathaway HomeServices Fox & Roach - Manalapan
Mls Name: MoreMLS
Mls ID: #22528129