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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ocean at 1307 Walnut Avenue, Ocean, NJ, 07712 generates $4,633/mo in rent and, after a $3,132/mo payment, leaves $72/mo in cash flow. Total monthly income is $4,633/mo, and annual cash flow is $860/yr on $210,560 invested. Return on cash invested sits at 20.47% in year one, and rental yield is 8.69% 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 107.05% and total cumulative return in cash sums $225,402. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,633/mo property income rather than buyer’s personal income.
Single Family
Built in 1916
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07712, Asbury Park, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,067 (100%) |
| Owner Occupied HU | 8,930 (44.5%) |
| Renter Occupied HU | 9,346 (46.6%) |
| Vacant Housing Units | 1,791 ( 8.9%) |
| Median Home Value | $657,840 |
| Average Home Value | $712,237 |
Residential
18,546
Single Family
14,594
Multi-Family
3,952
Businesses
1,468
Date | Event | Price |
|---|---|---|
| 2025-07-09 | Sold | $640,000 |
| 2025-06-09 | Pending sale | $689,000 |
| 2025-05-20 | Price change | $689,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-11 | $8078.68 | -3.79% | $581,200 | 7.77% |
| 2023-10-11 | $8396.90 | 5.90% | $539,300 | 19.98% |
| 2022-10-11 | $7929.18 | 0.88% | $449,500 | 14.55% |
What's Special
Walk-up
Listed by: Ronald Fernicola • C21/ Solid Gold Realty
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22512693
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.
