5 Longport CourtWaretownNJ08758
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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 Waretown at 5 Longport Court, Waretown, NJ, 08758 offers $4,248/mo rent that, after a $3,377/mo payment. Total monthly income is $4,248/mo. Return on cash invested measures 16.52% in year one, and rental yield stands at 7.39% at a $689,900 entry. Equity gained on principal adds $4,452/yr while 5% annual appreciation compounds into $190,607 by year five. Five-year ROI records 85.89% and total cumulative return in cash reaches $194,953. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,248/mo property income versus a $3,377/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
7,130 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08758, Waretown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,118 (100%) |
| Owner Occupied HU | 3,057 (74.2%) |
| Renter Occupied HU | 496 (12.0%) |
| Vacant Housing Units | 565 (13.7%) |
| Median Home Value | $566,761 |
| Average Home Value | $599,940 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,942
Multi-Family
77
Businesses
156
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Listed by: Joseph A Boreale • Weichert Realtors-Forked River
Mls Name: MoreMLS
Mls ID: #22533273