102 W Roosevelt Ave #U-ALong BeachNJ08008
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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
Rental property for sale in Long Beach at 102 W Roosevelt Ave #U-A, Long Beach, NJ, 08008 priced at $1,375,000 converts $4,008/mo rent into after a $6,730/mo obligation. Total monthly income equals $4,008/mo. Return on cash invested prints 4.77% in year one, and rental yield reads 3.5% against a $1,375,000 entry. Equity gained on principal adds $8,873/yr, while 5% annual appreciation compiles into $379,887 by year five. Five-year ROI reaches 22.81% and total cumulative return in cash sums $101,598. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,008/mo property income covering a $6,730/mo payment, not borrower’s personal income.
Townhouse
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08008, Beach Haven, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,536 (100%) |
| Owner Occupied HU | 3,172 (18.1%) |
| Renter Occupied HU | 428 ( 2.4%) |
| Vacant Housing Units | 13,936 (79.5%) |
| Median Home Value | $990,030 |
| Average Home Value | $1,171,197 |
Housing Distribution
Address Breakdown
Residential
4,561
Single Family
4,552
Multi-Family
9
Businesses
605
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Listed by: Lindsay Scarperi • Coastal Living Real Estate Group
Mls Name: Bright MLS
Mls ID: #NJOC2036388