509 Tappan 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
Investment property for sale in Forked River at 509 Tappan Street, Forked River, NJ, 08731 earns $2/mo cash flow from $2,846/mo rent with a $1,953/mo payment. Total monthly income totals $2,846/mo, and annual cash flow totals $23/yr on $132,269 capital. ROI tracks 19.93% on current figures, and rental yield reads 8.56% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 104.16% and total cumulative return in cash sums $137,774. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,846/mo property income instead of your personal income.
Single Family
Built in 1975
7,840 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: Eva Ling • Weichert Realtors-Freehold
Mls Name: MoreMLS
Mls ID: #22535697