1304 Ocean Avenue #2ABelmarNJ07719
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $2,596/mo, and a $2,080/mo payment. Purchase price stands at $425,000, and rental yield measures 7.33% with $2,596/mo rent. Return on cash invested shows 11.79% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 62.14% and total cumulative return in cash records $87,545. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,596/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
$520 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07719, Belmar, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,164 (100%) |
| Owner Occupied HU | 6,722 (60.2%) |
| Renter Occupied HU | 2,565 (23.0%) |
| Vacant Housing Units | 1,877 (16.8%) |
| Median Home Value | $785,079 |
| Average Home Value | $830,829 |
Housing Distribution
Address Breakdown
Residential
10,145
Single Family
9,362
Multi-Family
783
Businesses
1,118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eugene Casazza • Compass New Jersey , LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22524128
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.