720 Park AvenueFreeholdNJ07728
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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 Freehold at 720 Park Avenue, Freehold, NJ, 07728 priced at $450,000 converts $3,096/mo rent into after a $2,203/mo obligation. Total monthly income equals $3,096/mo. Return on cash invested prints 19.01% in year one, and rental yield reads 8.26% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 99.24% and total cumulative return in cash sums $148,038. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,096/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1942
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07728, Freehold, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,199 (100%) |
| Owner Occupied HU | 15,984 (72.0%) |
| Renter Occupied HU | 5,174 (23.3%) |
| Vacant Housing Units | 1,041 ( 4.7%) |
| Median Home Value | $605,836 |
| Average Home Value | $628,077 |
Housing Distribution
Address Breakdown
Residential
20,840
Single Family
19,700
Multi-Family
1,140
Businesses
2,135
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Listed by: Natalie Schickel • Weichert Realtors
Mls Name: MOMLS
Mls Provider:
Mls ID: #22430857
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.