8 Ritchie CourtBrickNJ08723
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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 Brick at 8 Ritchie Court, Brick, NJ, 08723 at $1,325,000 posts ROI 8.77% with from $5,293/mo rent. Total monthly income equals $5,293/mo. Return on cash invested measures 8.77% and rental yield reads 4.79% at the current $1,325,000. Equity gained on principal adds $8,550/yr, and 5% annual appreciation supports $366,073 by year five. Five-year ROI prints 44.25% and total cumulative return in cash totals $189,952. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,293/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2015
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08723, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,926 (100%) |
| Owner Occupied HU | 10,737 (71.9%) |
| Renter Occupied HU | 2,777 (18.6%) |
| Vacant Housing Units | 1,412 ( 9.5%) |
| Median Home Value | $458,857 |
| Average Home Value | $535,159 |
Housing Distribution
Address Breakdown
Residential
13,974
Single Family
13,359
Multi-Family
615
Businesses
1,178
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Listed by: Joyce Dock • Keller Williams Realty Ocean Living
Mls Name: MOMLS
Mls Provider:
Mls ID: #22505311
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.