132 Cookman AvenueOcean GroveNJ07756
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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
Investment property for sale in Ocean Grove at 132 Cookman Avenue, Ocean Grove, NJ, 07756 with 5% annual appreciation on a $899,000 basis while $3,750/mo rent supports operations. 28% in year one. Equity gained on principal adds $5,801/yr, and five-year appreciation sums $248,377 alongside rental yield of 5.01%. Five-year ROI measures 47.04% and total cumulative return in cash totals $139,138. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,750/mo property income versus a $4,400/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A 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 |
Housing Distribution
Address Breakdown
Residential
2,770
Single Family
2,161
Multi-Family
609
Businesses
180
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Listed by: Jenifer Green Grigg • Jack Green Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22518586
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.