1 Channel Drive #1609Monmouth BeachNJ07750
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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 Monmouth Beach at 1 Channel Drive #1609, Monmouth Beach, NJ, 07750 generates $3,223/mo in rent, after a $4,283/mo payment. Total monthly income is $3,223/mo. Return on cash invested sits at 7.5% in year one, and rental yield is 4.42% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 37.48% and total cumulative return in cash sums $107,891. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,223/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07750, Monmouth Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,225 (60.3%) |
| Renter Occupied HU | 243 (12.0%) |
| Vacant Housing Units | 562 (27.7%) |
| Median Home Value | $1,243,274 |
| Average Home Value | $1,385,284 |
Housing Distribution
Address Breakdown
Residential
1,858
Single Family
1,349
Multi-Family
509
Businesses
106
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Listed by: Kyle Braun • Real Broker, LLC
Mls Name: MoreMLS
Mls ID: #22524618