59 Thorne PlaceHazlet TownshipNJ07734
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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
Rental property for sale in Hazlet Township at 59 Thorne Place, Hazlet Township, NJ, 07734 generates $3,898/mo in rent and, after a $2,100/mo payment, leaves $840/mo in cash flow. Total monthly income is $3,898/mo, and annual cash flow is $10,079/yr on $142,214 invested. Return on cash invested sits at 27% in year one, and rental yield is 10.9% on a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 142.07% and total cumulative return in cash sums $202,045. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,898/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07734, Keansburg, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,878 (100%) |
| Owner Occupied HU | 2,984 (50.8%) |
| Renter Occupied HU | 2,227 (37.9%) |
| Vacant Housing Units | 667 (11.3%) |
| Median Home Value | $338,365 |
| Average Home Value | $364,956 |
Housing Distribution
Address Breakdown
Residential
5,106
Single Family
4,641
Multi-Family
465
Businesses
184
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Listed by: Carlo Fazio • RE/MAX Select
Mls Name: MoreMLS
Mls ID: #22526345