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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 Forked River at 600 Devon Street, Forked River, NJ, 08731 priced at $375,000 pairs $3,316/mo rent with $644/mo cash flow after a $1,835/mo payment. Total monthly income equals $3,316/mo, and annual cash flow comes to $7,722/yr on $124,313 invested. Return on cash invested is 26.12% in year one, and rental yield stands at 10.61% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 137.39% and total cumulative return in cash reaches $170,799. For financing, Ziffy Mortgage’s DSCR program evaluates $3,316/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08731, Forked River, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,048 (100%) |
| Owner Occupied HU | 7,829 (77.9%) |
| Renter Occupied HU | 1,113 (11.1%) |
| Vacant Housing Units | 1,106 (11.0%) |
| Median Home Value | $461,309 |
| Average Home Value | $519,264 |
Residential
9,457
Single Family
9,457
Multi-Family
0
Businesses
610
Date | Event | Price |
|---|---|---|
| 2013-08-20 | Sold | $205,000 |
| 2013-04-19 | Price change | $210,000 |
| 2012-10-21 | Price change | $230,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-16 | $4012.30 | 1.71% | $177,300 | N/A |
| 2022-04-16 | $3944.93 | N/A | $177,300 | N/A |
| 2021-04-16 | $3944.93 | 5.15% | $177,300 | N/A |
Listed by: Louisa Kasper • Keller Williams Preferred Properties,Bayville
Mls Name: MOMLS
Mls Provider:
Mls ID: #22510792
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.
