1551 Asbury Ave #2Ocean CityNJ08223
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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
Total monthly income runs $3,330/mo, and a $6,852/mo payment. Purchase price stands at $1,399,999, and rental yield measures 2.85% with $3,330/mo rent. Return on cash invested shows 2.78% in year one, and 5% annual appreciation builds toward $386,794 over five years. Five-year ROI reaches 12.16% and total cumulative return in cash records $55,147. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,330/mo property income covering a $6,852/mo payment rather than investor’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08223, Marmora, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,018 (100%) |
| Owner Occupied HU | 1,396 (69.2%) |
| Renter Occupied HU | 155 ( 7.7%) |
| Vacant Housing Units | 467 (23.1%) |
| Median Home Value | $474,247 |
| Average Home Value | $549,989 |
Housing Distribution
Address Breakdown
Residential
1,745
Single Family
1,745
Multi-Family
0
Businesses
307
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Listed by: MATTHEW CORCORY • Keller Williams Realty Jersey Shore-Ocean City
Mls Name: SJSRMLS
Mls ID: #599061