73 Driftwood CircleOceanportNJ07757
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Oceanport at 73 Driftwood Circle, Oceanport, NJ, 07757 priced at $826,260 converts $6,420/mo rent into $249/mo cash flow after a $4,044/mo obligation. Total monthly income equals $6,420/mo, and annual cash flow totals $2,984/yr on $271,840 invested. Return on cash invested prints 21.16% in year one, and rental yield reads 9.32% against a $826,260 entry. Equity gained on principal adds $5,332/yr, while 5% annual appreciation compiles into $228,280 by year five. Five-year ROI reaches 111.2% and total cumulative return in cash sums $302,276. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,420/mo property income covering a $4,044/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
$282 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07757, Oceanport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,503 (100%) |
| Owner Occupied HU | 1,997 (79.8%) |
| Renter Occupied HU | 385 (15.4%) |
| Vacant Housing Units | 121 ( 4.8%) |
| Median Home Value | $790,812 |
| Average Home Value | $898,702 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,234
Multi-Family
183
Businesses
183
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Listed by: Kristina Hanley • Pulte Communities of NJ Limited Partnership
Mls Name: MOMLS
Mls Provider:
Mls ID: #22424531
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.