1 Channel Drive #705Monmouth 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
Investment property for sale in Monmouth Beach at 1 Channel Drive #705, Monmouth Beach, NJ, 07750 with 5% annual appreciation on a $590,000 basis while $3,293/mo rent supports operations. 42% in year one. Equity gained on principal adds $3,807/yr, and five-year appreciation sums $163,006 alongside rental yield of 6.7%. Five-year ROI measures 74.62% and total cumulative return in cash totals $144,844. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,293/mo property income versus a $2,888/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1975
7.55 Acres 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: Silvio Gonzalez • EXP Realty
Mls Name: MoreMLS
Mls ID: #22536977