1242 Florence AveUnion BeachNJ07735
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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 Union Beach at 1242 Florence Ave, Union Beach, NJ, 07735 generates $4,958/mo in rent and, after a $3,132/mo payment, leaves $397/mo in cash flow. Total monthly income is $4,958/mo, and annual cash flow is $4,760/yr on $210,560 invested. Return on cash invested sits at 22.32% in year one, and rental yield is 9.3% on a $640,000 entry. Equity gained on principal adds $4,130/yr, while 5% annual appreciation builds toward $176,820 over five years. Five-year ROI reaches 116.98% and total cumulative return in cash sums $246,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,958/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
2,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07735, Keyport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 5,319 (68.1%) |
| Renter Occupied HU | 2,111 (27.0%) |
| Vacant Housing Units | 380 ( 4.9%) |
| Median Home Value | $448,685 |
| Average Home Value | $493,582 |
Housing Distribution
Address Breakdown
Residential
7,714
Single Family
7,173
Multi-Family
541
Businesses
579
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Listed by: IKHTIBAR KURBANOVA • WEICHERT CO REALTORS
Mls Name: All Jersey MLS
Mls ID: #2605100R