702 Lafayette BlvdBrigantineNJ08203
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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 Brigantine at 702 Lafayette Blvd, Brigantine, NJ, 08203 priced at $599,000 converts $2,572/mo rent into after a $2,932/mo obligation. Total monthly income equals $2,572/mo. Return on cash invested prints 9.72% in year one, and rental yield reads 5.15% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 49.44% and total cumulative return in cash sums $97,426. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,572/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1972
5,301 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08203, Brigantine, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,224 (100%) |
| Owner Occupied HU | 2,625 (28.5%) |
| Renter Occupied HU | 1,186 (12.9%) |
| Vacant Housing Units | 5,413 (58.7%) |
| Median Home Value | $513,255 |
| Average Home Value | $601,128 |
Housing Distribution
Address Breakdown
Residential
5,228
Single Family
4,971
Multi-Family
257
Businesses
248
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Listed by: Ada Krebs • BHHS Fox & Roach-Brigantine
Mls Name: Bright MLS
Mls ID: #NJAC2019452