1509 Park AvenueAsbury ParkNJ07712
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
Investment property for sale in Asbury Park at 1509 Park Avenue, Asbury Park, NJ, 07712 with 5% annual appreciation on a $1,900,000 basis while $4,590/mo rent supports operations. 92% in year one. Equity gained on principal adds $12,260/yr, and five-year appreciation sums $524,935 alongside rental yield of 2.9%. Five-year ROI measures 12.88% and total cumulative return in cash totals $79,311. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,590/mo property income versus a $9,300/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1975
2,178 sqft 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: Thomas Verdiglione • Douglas Elliman of NJ LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22428326
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.