1517 Dock PlacePoint Pleasant BeachNJ08742
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 Point Pleasant Beach at 1517 Dock Place, Point Pleasant Beach, NJ, 08742 listed at $729,000 pairs $3,972/mo rent with a $3,568/mo payment. Total monthly income runs $3,972/mo. Return on cash invested measures 13.94% in year one, and rental yield registers 6.54% at a $729,000 basis. Equity gained on principal adds $4,704/yr, and annual property appreciation at 5% supports $201,409 by year five. Five-year ROI tracks 72.01% and total cumulative return in cash totals $172,716. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,972/mo property income relative to a $3,568/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08742, Point Pleasant Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,538 (100%) |
| Owner Occupied HU | 8,496 (62.8%) |
| Renter Occupied HU | 2,081 (15.4%) |
| Vacant Housing Units | 2,961 (21.9%) |
| Median Home Value | $683,241 |
| Average Home Value | $772,081 |
Housing Distribution
Address Breakdown
Residential
12,450
Single Family
12,242
Multi-Family
208
Businesses
1,303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John J McHugh • RE/MAX Bay Point Realtors
Mls Name: MoreMLS
Mls ID: #22524089