128 Broadway, Ocean Grove, NJ, 07756 | 4.27% Rental Yield

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Ocean Grove at 128 Broadway, Ocean Grove, NJ, 07756 offers a 4.27% rental yield on a $599,000 purchase with $2,131/mo rent. 04% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 35.04% and total cumulative return in cash at $69,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,131/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1919

1,306 sqft 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