107 3rd Avenue UNIT B1BelmarNJ07719
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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 107 3rd Avenue UNIT B1, Belmar, NJ, 07719 offers a 5.73% rental yield on a $499,000 purchase with $2,384/mo rent. 55% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 44.21% and total cumulative return in cash at $73,134. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,384/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
435.60 sqft lot
$N/A/sqft
$393 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: Jacob L Smith • Ward Wight Sotheby's International Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22516247
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.