1 Channel Drive UNIT 1205Monmouth 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
Total monthly income runs $3,534/mo, and a $2,691/mo payment. Purchase price stands at $549,900, and rental yield measures 7.71% with $3,534/mo rent. Return on cash invested shows 12.72% in year one, and 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 67.21% and total cumulative return in cash records $121,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,534/mo property income covering a $2,691/mo payment rather than investor’s personal income.
Condo
Built in 1975
7.55 Acres lot
$N/A/sqft
$722 monthly 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: Michael Littleford • RE/MAX Welcome Home
Mls Name: MOMLS
Mls Provider:
Mls ID: #22507326
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.