51 Malibu CtOld BridgeNJ08857
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 Old Bridge at 51 Malibu Ct, Old Bridge, NJ, 08857 priced at $429,000 converts $3,299/mo rent into $241/mo cash flow after a $2,100/mo obligation. Total monthly income equals $3,299/mo, and annual cash flow totals $2,891/yr on $142,214 invested. Return on cash invested prints 21.94% in year one, and rental yield reads 9.23% against a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation compiles into $118,525 by year five. Five-year ROI reaches 114.97% and total cumulative return in cash sums $163,501. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,299/mo property income covering a $2,100/mo payment, not borrower’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08857, Old Bridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,707 (100%) |
| Owner Occupied HU | 10,623 (63.6%) |
| Renter Occupied HU | 5,316 (31.8%) |
| Vacant Housing Units | 768 ( 4.6%) |
| Median Home Value | $525,448 |
| Average Home Value | $561,906 |
Housing Distribution
Address Breakdown
Residential
16,034
Single Family
14,855
Multi-Family
1,179
Businesses
937
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BRIAN T. MCCARRON • KELLER WILLIAMS ELITE REALTORS
Mls Name: All Jersey MLS
Mls ID: #2608376R