975 S ConcourseKeyportNJ07735
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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 Keyport at 975 S Concourse, Keyport, NJ, 07735 offers a 11.19% rental yield on a $449,999 purchase with $4,196/mo rent. Total monthly income registers $4,196/mo, and a $2,203/mo payment leaves $988/mo available for distribution. Annual cash flow reaches $11,856/yr on $149,175 to close, and return on cash invested stands at 27.86% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,326 over five years. Portfolio math shows five-year ROI at 146.68% and total cumulative return in cash at $218,813. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,196/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07735, Keyport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 5,319 (68.1%) |
| Renter Occupied HU | 2,111 (27.0%) |
| Vacant Housing Units | 380 ( 4.9%) |
| Median Home Value | $448,685 |
| Average Home Value | $493,582 |
Housing Distribution
Address Breakdown
Residential
7,714
Single Family
7,173
Multi-Family
541
Businesses
579
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Listed by: Gerine A Skamarak • EXIT Realty East Coast Shirvanian
Mls Name: MoreMLS
Mls ID: #22536843