9 Morongo CourtToms RiverNJ08757
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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 Toms River at 9 Morongo Court, Toms River, NJ, 08757 earns $110/mo cash flow from $2,533/mo rent with a $1,664/mo payment. Total monthly income totals $2,533/mo, and annual cash flow totals $1,316/yr on $112,710 capital. ROI tracks 21.08% on current figures, and rental yield reads 8.94% at a $339,999 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,935 over five years. Five-year ROI reaches 110.34% and total cumulative return in cash sums $124,362. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,533/mo property income instead of your personal income.
Single Family
Built in 1983
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08757, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,526 (100%) |
| Owner Occupied HU | 15,976 (77.8%) |
| Renter Occupied HU | 2,528 (12.3%) |
| Vacant Housing Units | 2,022 ( 9.9%) |
| Median Home Value | $288,781 |
| Average Home Value | $336,075 |
Housing Distribution
Address Breakdown
Residential
18,568
Single Family
18,567
Multi-Family
1
Businesses
172
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Listed by: Gina Nagle • Crossroads Realty Inc-Forked River
Mls Name: MoreMLS
Mls ID: #22537086