67 Penny LaneNeptuneNJ07753
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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 67 Penny Lane, Neptune, NJ, 07753 priced at $736,990 converts $3,370/mo rent into after a $3,607/mo obligation. Total monthly income equals $3,370/mo. Return on cash invested prints 10.74% in year one, and rental yield reads 5.49% against a $736,990 entry. Equity gained on principal adds $4,756/yr, while 5% annual appreciation compiles into $203,617 by year five. Five-year ROI reaches 54.9% and total cumulative return in cash sums $133,117. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,370/mo property income covering a $3,607/mo payment, not borrower’s personal income.
Condo
Built in N/A
N/A 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: Linda Kirk • D. R . Horton Realty of Atlantic County LLC
Mls Name: MoreMLS
Mls ID: #22536869