85 E Water Street UNIT 206Toms RiverNJ08753
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 85 E Water Street UNIT 206, Toms River, NJ, 08753 in Toms River clears it at 1.64, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.84%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $124,327; $4,145/yr in principal equity; total projected return: $156,372.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.5% |
| Monthly Cash Flow | $(277) | $1,850 |
City averages based on Toms River market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,316 |
| Total Monthly Debt Service | $3,413 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hannah Frost • Berkshire Hathaway HomeServices Fox & Roach - Toms River
Mls Name: MOMLS
Mls Provider:
Mls ID: #22512460
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.