608 Berkeley AvenueBeachwoodNJ08722
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Beachwood at 608 Berkeley Avenue, Beachwood, NJ, 08722 priced at $530,000 pairs $4,302/mo rent with $524/mo cash flow after a $2,594/mo payment. Total monthly income equals $4,302/mo, and annual cash flow comes to $6,292/yr on $174,370 invested. Return on cash invested is 23.67% in year one, and rental yield stands at 9.74% on a $530,000 basis. Equity gained on principal adds $3,420/yr, and 5% annual appreciation accumulates to $146,429 by year five. Five-year ROI measures 124.23% and total cumulative return in cash reaches $216,619. For financing, Ziffy Mortgage’s DSCR program evaluates $4,302/mo property income against a $2,594/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08722, Beachwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,961 (100%) |
| Owner Occupied HU | 3,406 (86.0%) |
| Renter Occupied HU | 437 (11.0%) |
| Vacant Housing Units | 118 ( 3.0%) |
| Median Home Value | $353,598 |
| Average Home Value | $387,689 |
Housing Distribution
Address Breakdown
Residential
3,877
Single Family
3,877
Multi-Family
0
Businesses
161
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Listed by: Joseph Bradley • DeFelice Realty Group, LLC
Mls Name: MOMLS
Mls ID: #22522666