501 Spray AveBeachwoodNJ08722
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Beachwood at 501 Spray Ave, Beachwood, NJ, 08722 listed at $450,000 pairs $3,580/mo rent with a $2,203/mo payment to leave $372/mo cash flow. Total monthly income runs $3,580/mo, and annual cash flow reaches $4,464/yr on $149,175 cash to close. Return on cash invested measures 22.9% in year one, and rental yield registers 9.55% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 120.1% and total cumulative return in cash totals $179,166. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,580/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
8,002 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08722, Beachwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,961 (100%) |
| Owner Occupied HU | 3,406 (86.0%) |
| Renter Occupied HU | 437 (11.0%) |
| Vacant Housing Units | 118 ( 3.0%) |
| Median Home Value | $353,598 |
| Average Home Value | $387,689 |
Housing Distribution
Address Breakdown
Residential
3,877
Single Family
3,877
Multi-Family
0
Businesses
161
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eileen Murphy • BHHS Zack Shore REALTORS
Mls Name: Bright MLS
Mls ID: #NJOC2038016