1000 River Road UNIT 3CBelmarNJ07719
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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 Belmar at 1000 River Road UNIT 3C, Belmar, NJ, 07719 uses $129,285 cash to close to unlock $4,020/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $3,571/mo, and a $1,909/mo payment keeps the spread at $335/mo. Purchase price stands at $390,000, and rental yield measures 10.99% with $3,571/mo rent. Return on cash invested shows 23.02% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 122.27% and total cumulative return in cash records $158,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,571/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$456 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07719, Belmar, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,164 (100%) |
| Owner Occupied HU | 6,722 (60.2%) |
| Renter Occupied HU | 2,565 (23.0%) |
| Vacant Housing Units | 1,877 (16.8%) |
| Median Home Value | $785,079 |
| Average Home Value | $830,829 |
Housing Distribution
Address Breakdown
Residential
10,145
Single Family
9,362
Multi-Family
783
Businesses
1,118
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Listed by: Sean Price • Keller Williams Realty East Monmouth
Mls Name: MOMLS
Mls Provider:
Mls ID: #22511842
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.