600 State 71 UNIT 8Spring LakeNJ07762
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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 Spring Lake at 600 State 71 UNIT 8, Spring Lake, NJ, 07762 earns from $2,621/mo rent with a $2,031/mo payment. Total monthly income totals $2,621/mo. ROI tracks 13.81% on current figures, and rental yield reads 7.58% at a $415,000 purchase. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 over five years. Five-year ROI reaches 72.52% and total cumulative return in cash sums $99,765. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,621/mo property income instead of your personal income.
Condo
Built in 1984
0.31 Acres lot
$N/A/sqft
$1,088 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07762, Spring Lake, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,755 (100%) |
| Owner Occupied HU | 2,831 (49.2%) |
| Renter Occupied HU | 1,406 (24.4%) |
| Vacant Housing Units | 1,518 (26.4%) |
| Median Home Value | $888,913 |
| Average Home Value | $1,183,369 |
Housing Distribution
Address Breakdown
Residential
5,253
Single Family
4,594
Multi-Family
659
Businesses
476
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Listed by: Patricia Gesswein • Houwzer Inc.
Mls Name: MOMLS
Mls Provider:
Mls ID: #22502412
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.