1101 Ocean Avenue #1003Asbury 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
Investment property for sale in Asbury Park at 1101 Ocean Avenue #1003, Asbury Park, NJ, 07712 listed at $1,899,000 pairs $6,178/mo rent with a $9,295/mo payment. Total monthly income runs $6,178/mo. Return on cash invested measures 6.02% in year one, and rental yield registers 3.9% at a $1,899,000 basis. Equity gained on principal adds $12,254/yr, and annual property appreciation at 5% supports $524,659 by year five. Five-year ROI tracks 29.51% and total cumulative return in cash totals $181,597. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,178/mo property income relative to a $9,295/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2019
N/A 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: Adam L Hignite • Compass New Jersey LLC
Mls Name: MoreMLS
Mls ID: #22534867