956 Meredith DriveToms RiverNJ08753
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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 956 Meredith Drive, Toms River, NJ, 08753 uses $160,778 cash to close to unlock $1,330/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $3,568/mo, and a $2,374/mo payment keeps the spread at $111/mo. Purchase price stands at $485,000, and rental yield measures 8.83% with $3,568/mo rent. Return on cash invested shows 20.74% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 108.5% and total cumulative return in cash records $174,446. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,568/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Single Family
Built in 1962
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08753, Toms River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,100 (100%) |
| Owner Occupied HU | 19,843 (70.6%) |
| Renter Occupied HU | 5,818 (20.7%) |
| Vacant Housing Units | 2,439 ( 8.7%) |
| Median Home Value | $485,093 |
| Average Home Value | $561,358 |
Housing Distribution
Address Breakdown
Residential
25,785
Single Family
25,474
Multi-Family
311
Businesses
1,634
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Listed by: Stephanie Sevastakis • RE/MAX Revolution
Mls Name: MOMLS
Mls ID: #22521891