510 Conifer DriveForked RiverNJ08731
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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
Investment property for sale in Forked River at 510 Conifer Drive, Forked River, NJ, 08731 offers a 10.39% rental yield on a $575,000 purchase with $4,980/mo rent. Total monthly income registers $4,980/mo, and a $2,814/mo payment leaves $882/mo available for distribution. Annual cash flow reaches $10,582/yr on $189,175 to close, and return on cash invested stands at 25.65% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,862 over five years. Portfolio math shows five-year ROI at 134.85% and total cumulative return in cash at $255,107. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,980/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
8,712 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: Rachel Szalay • EXP Realty
Mls Name: MoreMLS
Mls ID: #22600107