1515 Boulevard #24Seaside 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
Investment property for sale in Seaside Heights at 1515 Boulevard #24, Seaside Heights, NJ, 08751 offers a 9.4% rental yield on a $300,000 purchase with $2,351/mo rent. Total monthly income registers $2,351/mo, and a $1,468/mo payment leaves $213/mo available for distribution. Annual cash flow reaches $2,556/yr on $99,450 to close, and return on cash invested stands at 22.48% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 117.84% and total cumulative return in cash at $117,192. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,351/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1967
0.25 Acres lot
$N/A/sqft
No 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: Joseph R DeNaro • Realty One Group Emerge
Mls Name: MoreMLS
Mls ID: #22536475