615 17th AvenueLake ComoNJ07719
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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
Investment property for sale in Lake Como at 615 17th Avenue, Lake Como, NJ, 07719 listed at $1,675,000 pairs $4,588/mo rent with a $8,198/mo payment. Total monthly income runs $4,588/mo. Return on cash invested measures 4.12% in year one, and rental yield registers 3.29% at a $1,675,000 basis. Equity gained on principal adds $10,809/yr, and annual property appreciation at 5% supports $462,772 by year five. Five-year ROI tracks 19.32% and total cumulative return in cash totals $104,850. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,588/mo property income relative to a $8,198/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
3,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07719, Belmar, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,164 (100%) |
| Owner Occupied HU | 6,722 (60.2%) |
| Renter Occupied HU | 2,565 (23.0%) |
| Vacant Housing Units | 1,877 (16.8%) |
| Median Home Value | $785,079 |
| Average Home Value | $830,829 |
Housing Distribution
Address Breakdown
Residential
10,145
Single Family
9,362
Multi-Family
783
Businesses
1,118
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Listed by: Katherine Reynolds • Salt and Cedar Properties, LLC
Mls Name: MoreMLS
Mls ID: #22529926