97 Selkirk AvenueToms RiverNJ08757
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 Toms River at 97 Selkirk Avenue, Toms River, NJ, 08757 uses $111,716 cash to close to unlock $5,188/yr annual cash flow and $432/mo monthly cash flow. Total monthly income runs $2,834/mo, and a $1,649/mo payment keeps the spread at $432/mo. Purchase price stands at $337,000, and rental yield measures 10.09% with $2,834/mo rent. Return on cash invested shows 24.55% in year one, and 5% annual appreciation builds toward $93,107 over five years. Five-year ROI reaches 129% and total cumulative return in cash records $144,108. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,834/mo property income covering a $1,649/mo payment rather than investor’s personal income.
Single Family
Built in 1986
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marla A Naputano • Keller Williams Preferred Properties,Bayville
Mls Name: MoreMLS
Mls ID: #22601079