11 Pilgrim PathwayOcean GroveNJ07756
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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 Ocean Grove at 11 Pilgrim Pathway, Ocean Grove, NJ, 07756 earns $28/mo cash flow from $6,935/mo rent with a $4,743/mo payment. Total monthly income totals $6,935/mo, and annual cash flow totals $335/yr on $318,801 capital. ROI tracks 20.17% on current figures, and rental yield reads 8.59% at a $969,000 purchase. Equity gained on principal adds $6,253/yr, and 5% annual appreciation supports $267,717 over five years. Five-year ROI reaches 105.42% and total cumulative return in cash sums $336,075. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,935/mo property income instead of your personal income.
Single Family
Built in 1904
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07756, Ocean Grove, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,142 (100%) |
| Owner Occupied HU | 896 (28.5%) |
| Renter Occupied HU | 972 (30.9%) |
| Vacant Housing Units | 1,274 (40.5%) |
| Median Home Value | $923,181 |
| Average Home Value | $1,021,334 |
Housing Distribution
Address Breakdown
Residential
2,770
Single Family
2,161
Multi-Family
609
Businesses
180
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Listed by: Michelle Green • Jack Green Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22508300
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.