10 Grove Court #20OceanNJ07712
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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 Ocean at 10 Grove Court #20, Ocean, NJ, 07712 with 5% annual appreciation on a $1,145,000 basis while $5,244/mo rent supports operations. 93% in year one. Equity gained on principal adds $7,389/yr, and five-year appreciation sums $316,342 alongside rental yield of 5.5%. Five-year ROI measures 55.88% and total cumulative return in cash totals $207,288. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,244/mo property income versus a $5,604/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07712, Asbury Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,067 (100%) |
| Owner Occupied HU | 8,930 (44.5%) |
| Renter Occupied HU | 9,346 (46.6%) |
| Vacant Housing Units | 1,791 ( 8.9%) |
| Median Home Value | $657,840 |
| Average Home Value | $712,237 |
Housing Distribution
Address Breakdown
Residential
18,546
Single Family
14,594
Multi-Family
3,952
Businesses
1,468
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Listed by: Deana Kreher • RE/MAX Gateway
Mls Name: MOMLS
Mls ID: #22523013