61 Lenape TrailTinton FallsNJ07724
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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 Tinton Falls at 61 Lenape Trail, Tinton Falls, NJ, 07724 priced at $470,000 pairs $3,847/mo rent with $203/mo cash flow after a $2,300/mo payment. Total monthly income equals $3,847/mo, and annual cash flow comes to $2,440/yr on $155,805 invested. Return on cash invested is 21.48% in year one, and rental yield stands at 9.82% on a $470,000 basis. Equity gained on principal adds $3,033/yr, and 5% annual appreciation accumulates to $129,852 by year five. Five-year ROI measures 113.31% and total cumulative return in cash reaches $176,541. For financing, Ziffy Mortgage’s DSCR program evaluates $3,847/mo property income against a $2,300/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1986
1,306 sqft lot
$N/A/sqft
$294 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07724, Eatontown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,755 (100%) |
| Owner Occupied HU | 6,938 (64.5%) |
| Renter Occupied HU | 3,315 (30.8%) |
| Vacant Housing Units | 502 ( 4.7%) |
| Median Home Value | $688,009 |
| Average Home Value | $713,207 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
9,673
Multi-Family
673
Businesses
1,179
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Listed by: Jacquelyn Mery • O'Brien Realty, LLC
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22522100
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.