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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spring Lake at 71 Maple Drive, Spring Lake, NJ, 07762 listed at $829,000 pairs $6,844/mo rent with a $4,058/mo payment to leave $500/mo cash flow. Total monthly income runs $6,844/mo, and annual cash flow reaches $5,995/yr on $272,741 cash to close. Return on cash invested measures 22.26% in year one, and rental yield registers 9.91% at a $829,000 basis. Equity gained on principal adds $5,349/yr, and annual property appreciation at 5% supports $229,037 by year five. Five-year ROI tracks 117.34% and total cumulative return in cash totals $320,044. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,844/mo property income relative to a $4,058/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1978
N/A lot
$N/A/sqft
$435 monthly HOA
Neighborhood data shown for ZIP Code: 07762, Spring Lake, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,755 (100%) |
| Owner Occupied HU | 2,831 (49.2%) |
| Renter Occupied HU | 1,406 (24.4%) |
| Vacant Housing Units | 1,518 (26.4%) |
| Median Home Value | $888,913 |
| Average Home Value | $1,183,369 |
Residential
5,253
Single Family
4,594
Multi-Family
659
Businesses
476
Date | Event | Price |
|---|---|---|
| 2024-10-10 | Listed for sale | $829,000 |
| 2024-08-24 | Pending sale | $829,000 |
| 2024-08-04 | Price change | $829,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $7322.56 | 6.91% | $653,800 | 19.70% |
| 2022-10-17 | $6849.35 | 3.80% | $546,200 | 11.74% |
| 2021-10-17 | $6598.80 | 2.70% | $488,800 | 3.41% |
Listed by: Maureen A Skea • Ward Wight Sotheby's International Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22420006
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
