607 Cherokee LaneBrielleNJ08730
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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 Brielle at 607 Cherokee Lane, Brielle, NJ, 08730 priced at $1,700,000 pairs $3,238/mo rent with after a $8,321/mo payment. Total monthly income equals $3,238/mo. Return on cash invested is 1.02% in year one, and rental yield stands at 2.29% on a $1,700,000 basis. Equity gained on principal adds $10,970/yr, and 5% annual appreciation accumulates to $469,679 by year five. Five-year ROI measures 2.74% and total cumulative return in cash reaches $15,079. For financing, Ziffy Mortgage’s DSCR program evaluates $3,238/mo property income against a $8,321/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1918
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08730, Brielle, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,216 (100%) |
| Owner Occupied HU | 1,736 (78.3%) |
| Renter Occupied HU | 260 (11.7%) |
| Vacant Housing Units | 220 ( 9.9%) |
| Median Home Value | $882,452 |
| Average Home Value | $959,807 |
Housing Distribution
Address Breakdown
Residential
2,159
Single Family
2,159
Multi-Family
0
Businesses
265
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Listed by: Susan M Miller • Diane Turton, Realtors-Spring Lake
Mls Name: MoreMLS
Mls ID: #22600971