669 Bayview DriveToms RiverNJ08753
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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 Toms River at 669 Bayview Drive, Toms River, NJ, 08753 priced at $1,599,000 converts $3,959/mo rent into after a $7,826/mo obligation. Total monthly income equals $3,959/mo. Return on cash invested prints 3.14% in year one, and rental yield reads 2.97% against a $1,599,000 entry. Equity gained on principal adds $10,318/yr, while 5% annual appreciation compiles into $441,774 by year five. Five-year ROI reaches 14.08% and total cumulative return in cash sums $72,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,959/mo property income covering a $7,826/mo payment, not borrower’s personal income.
Single Family
Built in 2016
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08753, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,100 (100%) |
| Owner Occupied HU | 19,843 (70.6%) |
| Renter Occupied HU | 5,818 (20.7%) |
| Vacant Housing Units | 2,439 ( 8.7%) |
| Median Home Value | $485,093 |
| Average Home Value | $561,358 |
Housing Distribution
Address Breakdown
Residential
25,785
Single Family
25,474
Multi-Family
311
Businesses
1,634
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Listed by: Christine Bender • Weichert Realtors-Forked River
Mls Name: MoreMLS
Mls ID: #22530849