5 Island View Way UNIT 57Sea BrightNJ07760
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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 Sea Bright at 5 Island View Way UNIT 57, Sea Bright, NJ, 07760 priced at $829,900 converts $6,989/mo rent into $194/mo cash flow after a $4,062/mo obligation. Total monthly income equals $6,989/mo, and annual cash flow totals $2,323/yr on $273,037 invested. Return on cash invested prints 20.91% in year one, and rental yield reads 10.11% against a $829,900 entry. Equity gained on principal adds $5,355/yr, while 5% annual appreciation compiles into $229,286 by year five. Five-year ROI reaches 110.83% and total cumulative return in cash sums $302,603. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,989/mo property income covering a $4,062/mo payment, not borrower’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$880 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07760, Rumson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,283 (100%) |
| Owner Occupied HU | 2,981 (69.6%) |
| Renter Occupied HU | 595 (13.9%) |
| Vacant Housing Units | 707 (16.5%) |
| Median Home Value | $1,419,553 |
| Average Home Value | $1,477,960 |
Housing Distribution
Address Breakdown
Residential
3,990
Single Family
3,950
Multi-Family
40
Businesses
331
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Listed by: Michelle Arege-Coffenberg • Preferred Properties Real Estate
Mls Name: MOMLS
Mls Provider:
Mls ID: #22519470
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.