1101 Ocean Avenue #605Asbury 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 #605, Asbury Park, NJ, 07712 offers a 3.92% rental yield on a $1,899,900 purchase with $6,211/mo rent. 08% in year one. Equity gained on principal adds $12,260/yr while 5% annual appreciation supports $524,907 over five years. Portfolio math shows five-year ROI at 29.83% and total cumulative return in cash at $183,632. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,211/mo property income against a $9,299/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2018
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: Robert N Lange • RE/MAX Gateway
Mls Name: MoreMLS
Mls ID: #22600227