477 Saint Thomas DriveToms RiverNJ08757
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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 Toms River at 477 Saint Thomas Drive, Toms River, NJ, 08757 uses $128,954 cash to close to unlock $1,575/yr annual cash flow and $131/mo monthly cash flow. Total monthly income runs $2,904/mo, and a $1,904/mo payment keeps the spread at $131/mo. Purchase price stands at $389,000, and rental yield measures 8.96% with $2,904/mo rent. Return on cash invested shows 21.13% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 110.65% and total cumulative return in cash records $142,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,904/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 1971
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08757, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,526 (100%) |
| Owner Occupied HU | 15,976 (77.8%) |
| Renter Occupied HU | 2,528 (12.3%) |
| Vacant Housing Units | 2,022 ( 9.9%) |
| Median Home Value | $288,781 |
| Average Home Value | $336,075 |
Housing Distribution
Address Breakdown
Residential
18,568
Single Family
18,567
Multi-Family
1
Businesses
172
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Listed by: Kimberly Bell • RE/MAX Revolution
Mls Name: MoreMLS
Mls ID: #22535793