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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ocean at 155 Jefferson Drive, Ocean, NJ, 07712 offers $4,033/mo rent that, after a $2,276/mo payment, leaves $719/mo cash flow. Total monthly income is $4,033/mo, and annual cash flow is $8,622/yr on $154,148 cash. Return on cash invested measures 25.5% in year one, and rental yield stands at 10.41% at a $465,000 entry. Equity gained on principal adds $3,001/yr while 5% annual appreciation compounds into $128,471 by year five. Five-year ROI records 134.07% and total cumulative return in cash reaches $206,663. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,033/mo property income versus a $2,276/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1990
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07712, Asbury Park, NJ area.
| 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 |
Residential
18,546
Single Family
14,594
Multi-Family
3,952
Businesses
1,468
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Deborah N Smith • Keller Williams Realty Spring Lake
Mls Name: MoreMLS
Mls ID: #22535532
