16 E Avalon AvenueOcean GateNJ08740
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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 Ocean Gate at 16 E Avalon Avenue, Ocean Gate, NJ, 08740 uses $124,313 cash to close to unlock $10,278/yr annual cash flow and $857/mo monthly cash flow. Total monthly income runs $3,529/mo, and a $1,835/mo payment keeps the spread at $857/mo. Purchase price stands at $375,000, and rental yield measures 11.29% with $3,529/mo rent. Return on cash invested shows 28.18% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 148.43% and total cumulative return in cash records $184,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,529/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1915
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08740, Ocean Gate, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 610 (52.6%) |
| Renter Occupied HU | 244 (21.1%) |
| Vacant Housing Units | 305 (26.3%) |
| Median Home Value | $417,460 |
| Average Home Value | $555,467 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
43
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Listed by: Noelle Paschon • Paschon Realty LLC
Mls Name: MoreMLS
Mls ID: #22526916