85 E Water Street UNIT 206Toms 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
Total monthly income runs $3,316/mo, and a $2,203/mo payment. Purchase price stands at $450,000, and rental yield measures 8.84% with $3,316/mo rent. Return on cash invested shows 17.68% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 93.24% and total cumulative return in cash records $139,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,316/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Condo
Built in 2004
435.60 sqft lot
$N/A/sqft
$385 monthly 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: Hannah Frost • Berkshire Hathaway HomeServices Fox & Roach - Toms River
Mls Name: MOMLS
Mls Provider:
Mls ID: #22512460
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