140 Hancock Avenue UNIT A3Seaside HeightsNJ08751
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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 Seaside Heights at 140 Hancock Avenue UNIT A3, Seaside Heights, NJ, 08751 priced at $385,000 pairs $2,056/mo rent with after a $1,884/mo payment. Total monthly income equals $2,056/mo. Return on cash invested is 11.9% in year one, and rental yield stands at 6.41% on a $385,000 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,368 by year five. Five-year ROI measures 61.71% and total cumulative return in cash reaches $78,754. For financing, Ziffy Mortgage’s DSCR program evaluates $2,056/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1982
4,450 sqft lot
$N/A/sqft
$164 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08751, Seaside Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,631 (100%) |
| Owner Occupied HU | 1,002 (17.8%) |
| Renter Occupied HU | 959 (17.0%) |
| Vacant Housing Units | 3,670 (65.2%) |
| Median Home Value | $647,028 |
| Average Home Value | $715,484 |
Housing Distribution
Address Breakdown
Residential
2,023
Single Family
1,993
Multi-Family
30
Businesses
200
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Listed by: James Pennisi • Goldstone Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22428440
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.