503 Center StreetForked RiverNJ08731
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
Rental property for sale in Forked River at 503 Center Street, Forked River, NJ, 08731 generates $3,438/mo in rent and, after a $1,933/mo payment, leaves $623/mo in cash flow. Total monthly income is $3,438/mo, and annual cash flow is $7,477/yr on $130,909 invested. Return on cash invested sits at 25.62% in year one, and rental yield is 10.45% on a $394,900 entry. Equity gained on principal adds $2,548/yr, while 5% annual appreciation builds toward $109,104 over five years. Five-year ROI reaches 134.73% and total cumulative return in cash sums $176,375. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,438/mo property income rather than buyer’s personal income.
Single Family
Built in 1933
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08731, Forked River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,048 (100%) |
| Owner Occupied HU | 7,829 (77.9%) |
| Renter Occupied HU | 1,113 (11.1%) |
| Vacant Housing Units | 1,106 (11.0%) |
| Median Home Value | $461,309 |
| Average Home Value | $519,264 |
Housing Distribution
Address Breakdown
Residential
9,457
Single Family
9,457
Multi-Family
0
Businesses
610
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Listed by: Noelle Paschon • Paschon Realty LLC
Mls Name: MoreMLS
Mls ID: #22516416