59 Willard DriveManahawkinNJ08050
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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 Manahawkin at 59 Willard Drive, Manahawkin, NJ, 08050 priced at $999,000 converts $3,427/mo rent into after a $4,890/mo obligation. Total monthly income equals $3,427/mo. Return on cash invested prints 6.57% in year one, and rental yield reads 4.12% against a $999,000 entry. Equity gained on principal adds $6,446/yr, while 5% annual appreciation compiles into $276,005 by year five. Five-year ROI reaches 32.53% and total cumulative return in cash sums $106,922. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,427/mo property income covering a $4,890/mo payment, not borrower’s personal income.
Single Family
Built in 1964
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08050, Manahawkin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,960 (100%) |
| Owner Occupied HU | 10,027 (67.0%) |
| Renter Occupied HU | 1,553 (10.4%) |
| Vacant Housing Units | 3,380 (22.6%) |
| Median Home Value | $457,496 |
| Average Home Value | $521,139 |
Housing Distribution
Address Breakdown
Residential
12,224
Single Family
11,848
Multi-Family
376
Businesses
767
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Listed by: Jackson A Downey • C21/ Action Plus Realty
Mls Name: MoreMLS
Mls ID: #22524620