590 Garfield AvenueToms 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 590 Garfield Avenue, Toms River, NJ, 08753 uses $155,772 cash to close to unlock $3,007/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $3,600/mo, and a $2,300/mo payment keeps the spread at $251/mo. Purchase price stands at $469,900, and rental yield measures 9.19% with $3,600/mo rent. Return on cash invested shows 21.84% in year one, and 5% annual appreciation builds toward $129,825 over five years. Five-year ROI reaches 114.42% and total cumulative return in cash records $178,238. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,600/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Single Family
Built in N/A
7,800 sqft lot
$N/A/sqft
No 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: Gina Gerardo • Del Virginia Realtors
Mls Name: MoreMLS
Mls ID: #22533234