701 Fletcher DriveNeptuneNJ07753
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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 Neptune at 701 Fletcher Drive, Neptune, NJ, 07753 with 5% annual appreciation on a $480,000 basis while $3,732/mo rent supports operations. Total monthly income totals $3,732/mo and a $2,349/mo payment preserves $311/mo for cash returns. Annual cash flow comes to $3,732/yr on $159,120 deployed, and return on cash invested reaches 22.25% in year one. Equity gained on principal adds $3,097/yr, and five-year appreciation sums $132,615 alongside rental yield of 9.33%. Five-year ROI measures 116.65% and total cumulative return in cash totals $185,609.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,732/mo property income versus a $2,349/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
0.28 Acres 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: Cindy Nelson • Nelson Realtors
Mls Name: MoreMLS
Mls ID: #22533150