750 Lighthouse Drive UNIT 2205BarnegatNJ08005
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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 Barnegat at 750 Lighthouse Drive UNIT 2205, Barnegat, NJ, 08005 generates $1,636/mo in rent, after a $1,175/mo payment. Total monthly income is $1,636/mo. Return on cash invested sits at 13.74% in year one, and rental yield is 8.18% on a $239,990 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,305 over five years. Five-year ROI reaches 72.88% and total cumulative return in cash sums $57,983. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,636/mo property income rather than buyer’s personal income.
Condo
Built in 2023
435.60 sqft lot
$N/A/sqft
$334 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08005, Barnegat, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,272 (100%) |
| Owner Occupied HU | 9,490 (77.3%) |
| Renter Occupied HU | 1,615 (13.2%) |
| Vacant Housing Units | 1,167 ( 9.5%) |
| Median Home Value | $446,945 |
| Average Home Value | $462,761 |
Housing Distribution
Address Breakdown
Residential
12,355
Single Family
12,093
Multi-Family
262
Businesses
451
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Listed by: Joy Bearden • Keller Williams Preferred Properties,Ship Bottom
Mls Name: MOMLS
Mls Provider:
Mls ID: #22500920
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.