63 Wayne AvenueFreeholdNJ07728
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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
Investment property for sale in Freehold at 63 Wayne Avenue, Freehold, NJ, 07728 listed at $474,900 pairs $3,528/mo rent with a $2,324/mo payment to leave $143/mo cash flow. Total monthly income runs $3,528/mo, and annual cash flow reaches $1,721/yr on $157,429 cash to close. Return on cash invested measures 21% in year one, and rental yield registers 8.91% at a $474,900 basis. Equity gained on principal adds $3,064/yr, and annual property appreciation at 5% supports $131,206 by year five. Five-year ROI tracks 109.94% and total cumulative return in cash totals $173,075. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,528/mo property income relative to a $2,324/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1905
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07728, Freehold, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,199 (100%) |
| Owner Occupied HU | 15,984 (72.0%) |
| Renter Occupied HU | 5,174 (23.3%) |
| Vacant Housing Units | 1,041 ( 4.7%) |
| Median Home Value | $605,836 |
| Average Home Value | $628,077 |
Housing Distribution
Address Breakdown
Residential
20,840
Single Family
19,700
Multi-Family
1,140
Businesses
2,135
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Listed by: Joely Carasia • Heritage House Sotheby's International Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22510377
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.