97 Neilly CtOld BridgeNJ08857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Old Bridge at 97 Neilly Ct, Old Bridge, NJ, 08857 with 5% annual appreciation on a $299,900 basis while $2,740/mo rent supports operations. Total monthly income totals $2,740/mo and a $1,468/mo payment preserves $602/mo for cash returns. Annual cash flow comes to $7,227/yr on $99,417 deployed, and return on cash invested reaches 27.18% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 10.96%. Five-year ROI measures 143.09% and total cumulative return in cash totals $142,252.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,740/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08857, Old Bridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,707 (100%) |
| Owner Occupied HU | 10,623 (63.6%) |
| Renter Occupied HU | 5,316 (31.8%) |
| Vacant Housing Units | 768 ( 4.6%) |
| Median Home Value | $525,448 |
| Average Home Value | $561,906 |
Housing Distribution
Address Breakdown
Residential
16,034
Single Family
14,855
Multi-Family
1,179
Businesses
937
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: NICOLE ROKOSZ • WEICHERT CO REALTORS
Mls Name: All Jersey MLS
Mls ID: #2606293R