7 Turnberry DriveLincroftNJ07738
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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 Lincroft at 7 Turnberry Drive, Lincroft, NJ, 07738 priced at $918,000 converts $5,848/mo rent into after a $4,493/mo obligation. Total monthly income equals $5,848/mo. Return on cash invested prints 17.3% in year one, and rental yield reads 7.64% against a $918,000 entry. Equity gained on principal adds $5,924/yr, while 5% annual appreciation compiles into $253,626 by year five. Five-year ROI reaches 90.05% and total cumulative return in cash sums $271,967. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,848/mo property income covering a $4,493/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07738, Lincroft, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,618 (100%) |
| Owner Occupied HU | 2,199 (84.0%) |
| Renter Occupied HU | 331 (12.6%) |
| Vacant Housing Units | 88 ( 3.4%) |
| Median Home Value | $812,720 |
| Average Home Value | $857,824 |
Housing Distribution
Address Breakdown
Residential
2,554
Single Family
2,305
Multi-Family
249
Businesses
232
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Listed by: Thea Bowers • RE/MAX Gateway
Mls Name: MOMLS
Mls ID: #22520362