1187 Ocean Avenue UNIT 23Sea BrightNJ07760
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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
Total monthly income runs $2,395/mo, and a $2,247/mo payment. Purchase price stands at $459,000, and rental yield measures 6.26% with $2,395/mo rent. Return on cash invested shows 9.81% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 51.04% and total cumulative return in cash records $77,663. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,395/mo property income covering a $2,247/mo payment rather than investor’s personal income.
Condo
Built in 1972
435.60 sqft lot
$N/A/sqft
$404 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07760, Rumson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,283 (100%) |
| Owner Occupied HU | 2,981 (69.6%) |
| Renter Occupied HU | 595 (13.9%) |
| Vacant Housing Units | 707 (16.5%) |
| Median Home Value | $1,419,553 |
| Average Home Value | $1,477,960 |
Housing Distribution
Address Breakdown
Residential
3,990
Single Family
3,950
Multi-Family
40
Businesses
331
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Listed by: Brian P Mcnamara • Heritage House Sotheby's International Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22429997
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