94 Greenwood Loop RoadBrickNJ08724
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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 Brick at 94 Greenwood Loop Road, Brick, NJ, 08724 priced at $285,000 converts $2,665/mo rent into $244/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,665/mo, and annual cash flow totals $2,922/yr on $94,478 invested. Return on cash invested prints 23% in year one, and rental yield reads 11.22% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 122.47% and total cumulative return in cash sums $115,710. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,665/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Condo
Built in 1974
5,662 sqft lot
$N/A/sqft
$390 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
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Listed by: Kandice Antenucci • Keller Williams Realty Monmouth/Ocean
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22521605
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.