12 New York AveOcean 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
Total monthly income runs $2,934/mo, and a $4,574/mo payment. Purchase price stands at $934,500, and rental yield measures 3.77% with $2,934/mo rent. Return on cash invested shows 5.51% in year one, and 5% annual appreciation builds toward $258,185 over five years. Five-year ROI reaches 26.85% and total cumulative return in cash records $82,543. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,934/mo property income covering a $4,574/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A 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: Jason Sell • KELLER WILLIAMS REALTY ATLANTIC SHORE-Little Egg Harbor
Mls Name: SJSRMLS
Mls ID: #603234