77 E Water Street #2Toms 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
Rental property for sale in Toms River at 77 E Water Street #2, Toms River, NJ, 08753 generates $3,260/mo in rent and, after a $2,173/mo payment, leaves $95/mo in cash flow. Total monthly income is $3,260/mo, and annual cash flow is $1,145/yr on $147,186 invested. Return on cash invested sits at 20.69% in year one, and rental yield is 8.81% on a $444,000 entry. Equity gained on principal adds $2,865/yr, while 5% annual appreciation builds toward $122,669 over five years. Five-year ROI reaches 108.25% and total cumulative return in cash sums $159,330. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,260/mo property income rather than buyer’s personal income.
Condo
Built in 1981
435.60 sqft 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: Anna Fiore • RE/MAX Revolution
Mls Name: MoreMLS
Mls ID: #22529887