1115 N Ocean Avenue UNIT A1Seaside ParkNJ08752
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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 Seaside Park at 1115 N Ocean Avenue UNIT A1, Seaside Park, NJ, 08752 offers a 3.38% rental yield on a $959,900 purchase with $2,700/mo rent. 32% in year one. Equity gained on principal adds $6,194/yr while 5% annual appreciation supports $265,203 over five years. Portfolio math shows five-year ROI at 20.47% and total cumulative return in cash at $64,658. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,700/mo property income against a $4,698/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08752, Seaside Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,093 (100%) |
| Owner Occupied HU | 831 (20.3%) |
| Renter Occupied HU | 261 ( 6.4%) |
| Vacant Housing Units | 3,001 (73.3%) |
| Median Home Value | $814,611 |
| Average Home Value | $872,178 |
Housing Distribution
Address Breakdown
Residential
1,688
Single Family
1,665
Multi-Family
23
Businesses
112
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Listed by: Alyson Scudiero • Van Dyk Group
Mls Name: MOMLS
Mls Provider:
Mls ID: #22511212
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.