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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 Point Pleasant Beach at 1320 Charles Street, Point Pleasant Beach, NJ, 08742 offers $6,835/mo rent that, after a $8,321/mo payment. Total monthly income is $6,835/mo. Return on cash invested measures 8.86% in year one, and rental yield stands at 4.82% at a $1,699,999 entry. Equity gained on principal adds $10,970/yr while 5% annual appreciation compounds into $469,678 by year five. Five-year ROI records 44.76% and total cumulative return in cash reaches $246,535. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,835/mo property income versus a $8,321/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08742, Point Pleasant Beach, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,538 (100%) |
| Owner Occupied HU | 8,496 (62.8%) |
| Renter Occupied HU | 2,081 (15.4%) |
| Vacant Housing Units | 2,961 (21.9%) |
| Median Home Value | $683,241 |
| Average Home Value | $772,081 |
Residential
12,450
Single Family
12,242
Multi-Family
208
Businesses
1,303
Date | Event | Price |
|---|---|---|
| 2024-10-16 | Listed for sale | $1,699,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-19 | $11739.10 | 1.57% | $548,300 | N/A |
| 2022-02-19 | $11558.16 | N/A | $548,300 | N/A |
| 2021-02-19 | $11558.16 | 197.63% | $548,300 | 190.57% |
Listed by: Thomas Verdiglione • Douglas Elliman of NJ LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22430072
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.
