5 Cherrywood Circle #105BrickNJ08724
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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 Brick at 5 Cherrywood Circle #105, Brick, NJ, 08724 earns from $2,586/mo rent with a $2,055/mo payment. Total monthly income totals $2,586/mo. ROI tracks 16.4% on current figures, and rental yield reads 7.39% at a $419,900 purchase. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,011 over five years. Five-year ROI reaches 85.29% and total cumulative return in cash sums $118,716. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,586/mo property income instead of your personal income.
Condo
Built in 1993
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
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Listed by: Susan B Columbo • RE/MAX Revolution
Mls Name: MoreMLS
Mls ID: #22536988