884 Mill Creek RoadManahawkinNJ08050
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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 Manahawkin at 884 Mill Creek Road, Manahawkin, NJ, 08050 generates $2,941/mo in rent, after a $2,932/mo payment. Total monthly income is $2,941/mo. Return on cash invested sits at 11.97% in year one, and rental yield is 5.89% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 61.49% and total cumulative return in cash sums $121,174. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,941/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08050, Manahawkin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,960 (100%) |
| Owner Occupied HU | 10,027 (67.0%) |
| Renter Occupied HU | 1,553 (10.4%) |
| Vacant Housing Units | 3,380 (22.6%) |
| Median Home Value | $457,496 |
| Average Home Value | $521,139 |
Housing Distribution
Address Breakdown
Residential
12,224
Single Family
11,848
Multi-Family
376
Businesses
767
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Listed by: Michele Nesbihal • Crossroads Realty Inc-Lavallette
Mls Name: MoreMLS
Mls ID: #22525366