1503 S Wanamassa Drive, Ocean, NJ, 07712 | 6.35% Rental Yield

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1503 S Wanamassa Drive, Ocean, NJ, 07712 | 6.35% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Ocean at 1503 S Wanamassa Drive, Ocean, NJ, 07712 listed at $799,999 pairs $4,232/mo rent with a $3,916/mo payment. Total monthly income runs $4,232/mo. Return on cash invested measures 13.36% in year one, and rental yield registers 6.35% at a $799,999 basis. Equity gained on principal adds $5,162/yr, and annual property appreciation at 5% supports $221,025 by year five. Five-year ROI tracks 68.91% and total cumulative return in cash totals $181,363. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,232/mo property income relative to a $3,916/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Fantastic Location with Lake Views! Located on desirable South Wanamassa Drive with stunning views of Deal Lake, this spacious 5-bedroom home offers comfort, charm, and convenience. The layout features 3 bedrooms on the first floor and 2 upstairs, including a second-floor primary suite with a walk-in closet and large deck overlooking the lake. Enjoy a warm and inviting living room, dining room, and eat-in kitchen, plus 2 full baths and a basement. Relax on the classic rocking chair front porch or entertain in the backyard with a 5-year-old above-ground pool, paver patio, and a peaceful fish pond with heater. A whole-house Generac generator ensures year-round peace of mind. Just minutes from Asbury Park beaches, restaurants, and nightlife.

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