6 Grouse DriveBayvilleNJ08721
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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 Bayville at 6 Grouse Drive, Bayville, NJ, 08721 uses $162,402 cash to close to unlock $6,743/yr annual cash flow and $562/mo monthly cash flow. Total monthly income runs $4,054/mo, and a $2,398/mo payment keeps the spread at $562/mo. Purchase price stands at $489,900, and rental yield measures 9.93% with $4,054/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 126.33% and total cumulative return in cash records $205,169. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,054/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08721, Bayville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,619 (100%) |
| Owner Occupied HU | 7,129 (74.1%) |
| Renter Occupied HU | 1,504 (15.6%) |
| Vacant Housing Units | 986 (10.3%) |
| Median Home Value | $471,653 |
| Average Home Value | $536,444 |
Housing Distribution
Address Breakdown
Residential
8,902
Single Family
8,902
Multi-Family
0
Businesses
409
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Listed by: Robert Kosinski • RE/MAX Gateway
Mls Name: MOMLS
Mls Provider:
Mls ID: #22435744
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.