1340 Ocean Avenue #27Sea BrightNJ07760
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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
Rental property for sale in Sea Bright at 1340 Ocean Avenue #27, Sea Bright, NJ, 07760 generates $2,893/mo in rent, after a $2,765/mo payment. Total monthly income is $2,893/mo. Return on cash invested sits at 12.74% in year one, and rental yield is 6.14% on a $565,000 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation builds toward $156,099 over five years. Five-year ROI reaches 65.63% and total cumulative return in cash sums $121,995. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,893/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07760, Rumson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,283 (100%) |
| Owner Occupied HU | 2,981 (69.6%) |
| Renter Occupied HU | 595 (13.9%) |
| Vacant Housing Units | 707 (16.5%) |
| Median Home Value | $1,419,553 |
| Average Home Value | $1,477,960 |
Housing Distribution
Address Breakdown
Residential
3,990
Single Family
3,950
Multi-Family
40
Businesses
331
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Listed by: Karin Z Busichio • Berkshire Hathaway HomeServices Fox & Roach - Rumson
Mls Name: MoreMLS
Mls ID: #22601003