1001 2nd Avenue #103Asbury ParkNJ07712
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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 $4,192/mo, and a $3,130/mo payment. Purchase price stands at $639,500, and rental yield measures 7.87% with $4,192/mo rent. Return on cash invested shows 17.97% in year one, and 5% annual appreciation builds toward $176,682 over five years. Five-year ROI reaches 93.66% and total cumulative return in cash records $197,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,192/mo property income covering a $3,130/mo payment rather than investor’s personal income.
Condo
Built in 2010
435.60 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: Kenneth Rickel • Space & Company
Mls Name: MoreMLS
Mls ID: #22527311