107 Cornell AvenuePoint Pleasant BeachNJ08742
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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 Point Pleasant Beach at 107 Cornell Avenue, Point Pleasant Beach, NJ, 08742 generates $4,249/mo in rent, after a $4,723/mo payment. Total monthly income is $4,249/mo. Return on cash invested sits at 10.12% in year one, and rental yield is 5.28% on a $965,000 entry. Equity gained on principal adds $6,227/yr, while 5% annual appreciation builds toward $266,612 over five years. Five-year ROI reaches 51.57% and total cumulative return in cash sums $163,723. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,249/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08742, Point Pleasant Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,538 (100%) |
| Owner Occupied HU | 8,496 (62.8%) |
| Renter Occupied HU | 2,081 (15.4%) |
| Vacant Housing Units | 2,961 (21.9%) |
| Median Home Value | $683,241 |
| Average Home Value | $772,081 |
Housing Distribution
Address Breakdown
Residential
12,450
Single Family
12,242
Multi-Family
208
Businesses
1,303
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Listed by: Marybeth Mcgee • RE/MAX Bay Point Realtors
Mls Name: MOMLS
Mls Provider:
Mls ID: #22502391
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.