741 Michigan AvenueToms RiverNJ08753
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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 Toms River at 741 Michigan Avenue, Toms River, NJ, 08753 earns from $4,562/mo rent with a $3,402/mo payment. Total monthly income totals $4,562/mo. ROI tracks 18% on current figures, and rental yield reads 7.88% at a $694,999 purchase. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,015 over five years. Five-year ROI reaches 93.82% and total cumulative return in cash sums $214,530. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,562/mo property income instead of your personal income.
Single Family
Built in 1984
1.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08753, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,100 (100%) |
| Owner Occupied HU | 19,843 (70.6%) |
| Renter Occupied HU | 5,818 (20.7%) |
| Vacant Housing Units | 2,439 ( 8.7%) |
| Median Home Value | $485,093 |
| Average Home Value | $561,358 |
Housing Distribution
Address Breakdown
Residential
25,785
Single Family
25,474
Multi-Family
311
Businesses
1,634
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Listed by: Sandra Anello • Keller Williams Realty Ocean Living
Mls Name: MoreMLS
Mls ID: #22528431