9 Ocean Grove LaneWaretownNJ08758
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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 Waretown at 9 Ocean Grove Lane, Waretown, NJ, 08758 offers $3,989/mo rent that, after a $2,428/mo payment, leaves $193/mo cash flow. Total monthly income is $3,989/mo, and annual cash flow is $2,319/yr on $164,424 cash. Return on cash invested measures 21.32% in year one, and rental yield stands at 9.65% at a $495,999 entry. Equity gained on principal adds $3,201/yr while 5% annual appreciation compounds into $137,035 by year five. Five-year ROI records 112.34% and total cumulative return in cash reaches $184,716. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,989/mo property income versus a $2,428/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
7,840 sqft lot
$N/A/sqft
$260 monthly 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: Cynthia Stiles • Childers Sotheby's Int Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22425528
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.