649 Spray AvenueBeachwoodNJ08722
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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 Beachwood at 649 Spray Avenue, Beachwood, NJ, 08722 generates $3,602/mo in rent and, after a $2,080/mo payment, leaves $573/mo in cash flow. Total monthly income is $3,602/mo, and annual cash flow is $6,874/yr on $140,888 invested. Return on cash invested sits at 24.79% in year one, and rental yield is 10.17% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 130.23% and total cumulative return in cash sums $183,485. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,602/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.41 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: Lori Donnelly • Weichert Realtors-Toms River
Mls Name: MoreMLS
Mls ID: #22535754