611 Bingham StreetNeptuneNJ07753
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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 Neptune at 611 Bingham Street, Neptune, NJ, 07753 priced at $480,000 pairs $3,820/mo rent with $399/mo cash flow after a $2,349/mo payment. Total monthly income equals $3,820/mo, and annual cash flow comes to $4,788/yr on $159,120 invested. Return on cash invested is 22.92% in year one, and rental yield stands at 9.55% on a $480,000 basis. Equity gained on principal adds $3,097/yr, and 5% annual appreciation accumulates to $132,615 by year five. Five-year ROI measures 120.2% and total cumulative return in cash reaches $191,261. For financing, Ziffy Mortgage’s DSCR program evaluates $3,820/mo property income against a $2,349/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1954
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07753, Neptune, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,978 (100%) |
| Owner Occupied HU | 10,727 (63.2%) |
| Renter Occupied HU | 5,243 (30.9%) |
| Vacant Housing Units | 1,008 ( 5.9%) |
| Median Home Value | $469,423 |
| Average Home Value | $541,040 |
Housing Distribution
Address Breakdown
Residential
16,140
Single Family
14,110
Multi-Family
2,030
Businesses
1,097
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Listed by: Vivian McKay • EXIT Realty East Coast Shirvanian
Mls Name: MoreMLS
Mls ID: #22601222