88 Dock AvenueWaretownNJ08758
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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 Waretown at 88 Dock Avenue, Waretown, NJ, 08758 uses $159,087 cash to close to unlock $4,551/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $3,800/mo, and a $2,349/mo payment keeps the spread at $379/mo. Purchase price stands at $479,900, and rental yield measures 9.5% with $3,800/mo rent. Return on cash invested shows 22.77% in year one, and 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 119.43% and total cumulative return in cash records $190,005. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,800/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 2024
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08758, Waretown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,118 (100%) |
| Owner Occupied HU | 3,057 (74.2%) |
| Renter Occupied HU | 496 (12.0%) |
| Vacant Housing Units | 565 (13.7%) |
| Median Home Value | $566,761 |
| Average Home Value | $599,940 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,942
Multi-Family
77
Businesses
156
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Listed by: David Lazaro • Keller Williams Shore Properties
Mls Name: MOMLS
Mls Provider:
Mls ID: #22515417
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.