1405 Logan RoadOceanNJ07712
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $4,598/mo, and a $4,351/mo payment. Purchase price stands at $889,000, and rental yield measures 6.21% with $4,598/mo rent. Return on cash invested shows 12.93% in year one, and 5% annual appreciation builds toward $245,614 over five years. Five-year ROI reaches 66.61% and total cumulative return in cash records $194,822. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,598/mo property income covering a $4,351/mo payment rather than investor’s personal income.
Single Family
Built in 1946
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07712, Asbury Park, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
18,546
Single Family
14,594
Multi-Family
3,952
Businesses
1,468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dianna Olson • Heritage House Sotheby's International Realty
Mls Name: MoreMLS
Mls ID: #22535355