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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Little Silver at 59 Laurel Drive, Little Silver, NJ, 07739 offers $4,832/mo rent that, after a $6,363/mo payment. Total monthly income is $4,832/mo. Return on cash invested measures 7.74% in year one, and rental yield stands at 4.46% at a $1,300,000 entry. Equity gained on principal adds $8,389/yr while 5% annual appreciation compounds into $359,166 by year five. Five-year ROI records 38.73% and total cumulative return in cash reaches $163,119. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,832/mo property income versus a $6,363/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07739, Little Silver, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,317 (100%) |
| Owner Occupied HU | 2,064 (89.1%) |
| Renter Occupied HU | 129 ( 5.6%) |
| Vacant Housing Units | 124 ( 5.4%) |
| Median Home Value | $966,171 |
| Average Home Value | $1,109,014 |
Residential
2,301
Single Family
2,301
Multi-Family
0
Businesses
313
Date | Event | Price |
|---|---|---|
| 2013-05-13 | Sold | $485,000 |
| 2013-02-01 | Pending sale | $489,999 |
| 2012-06-28 | Price change | $489,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-19 | $13156.27 | 4.21% | $779,400 | 11.12% |
| 2023-02-19 | $12625.20 | 9.16% | $701,400 | 10.37% |
| 2022-02-19 | $11566.10 | -1.90% | $635,500 | 6.40% |
Listed by: Thomas Mallan • Coldwell Banker Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22504081
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.
