1215 BoulevardSeaside HeightsNJ08751
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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
Rental property for sale in Seaside Heights at 1215 Boulevard, Seaside Heights, NJ, 08751 priced at $899,000 converts $2,840/mo rent into after a $4,400/mo obligation. Total monthly income equals $2,840/mo. Return on cash invested prints 5.59% in year one, and rental yield reads 3.79% against a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation compiles into $248,377 by year five. Five-year ROI reaches 27.24% and total cumulative return in cash sums $80,578. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,840/mo property income covering a $4,400/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08751, Seaside Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,631 (100%) |
| Owner Occupied HU | 1,002 (17.8%) |
| Renter Occupied HU | 959 (17.0%) |
| Vacant Housing Units | 3,670 (65.2%) |
| Median Home Value | $647,028 |
| Average Home Value | $715,484 |
Housing Distribution
Address Breakdown
Residential
2,023
Single Family
1,993
Multi-Family
30
Businesses
200
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Listed by: Deborah J Mara • RE/MAX Homeland Realtors
Mls Name: MoreMLS
Mls ID: #22527711