54 Turnberry CircleToms RiverNJ08753
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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 Toms River at 54 Turnberry Circle, Toms River, NJ, 08753 offers a 14.81% rental yield on a $299,600 purchase with $3,697/mo rent. Total monthly income registers $3,697/mo, and a $1,466/mo payment leaves $1,017/mo available for distribution. Annual cash flow reaches $12,203/yr on $99,317 to close, and return on cash invested stands at 32.2% in year one. Equity gained on principal adds $1,933/yr while 5% annual appreciation supports $82,774 over five years. Portfolio math shows five-year ROI at 172.33% and total cumulative return in cash at $171,150. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,697/mo property income against a $1,466/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
1,306 sqft lot
$N/A/sqft
$545 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08753, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,100 (100%) |
| Owner Occupied HU | 19,843 (70.6%) |
| Renter Occupied HU | 5,818 (20.7%) |
| Vacant Housing Units | 2,439 ( 8.7%) |
| Median Home Value | $485,093 |
| Average Home Value | $561,358 |
Housing Distribution
Address Breakdown
Residential
25,785
Single Family
25,474
Multi-Family
311
Businesses
1,634
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Listed by: William R Cassie • Shore Realty Exchange
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22530041
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.