48 Apple DriveSpring LakeNJ07762
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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 Spring Lake at 48 Apple Drive, Spring Lake, NJ, 07762 at $850,000 posts ROI 7.95% with from $3,726/mo rent. Total monthly income equals $3,726/mo. Return on cash invested measures 7.95% and rental yield reads 5.26% at the current $850,000. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 by year five. Five-year ROI prints 40.67% and total cumulative return in cash totals $113,746. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,726/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1984
435.60 sqft lot
$N/A/sqft
$490 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07762, Spring Lake, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,755 (100%) |
| Owner Occupied HU | 2,831 (49.2%) |
| Renter Occupied HU | 1,406 (24.4%) |
| Vacant Housing Units | 1,518 (26.4%) |
| Median Home Value | $888,913 |
| Average Home Value | $1,183,369 |
Housing Distribution
Address Breakdown
Residential
5,253
Single Family
4,594
Multi-Family
659
Businesses
476
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Listed by: Karen L Skola • Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22512542
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.