1601 Boulevard #B7Seaside 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
Rental property for sale in Seaside Heights at 1601 Boulevard #B7, Seaside Heights, NJ, 08751 generates $2,663/mo in rent, after a $2,570/mo payment. Total monthly income is $2,663/mo. Return on cash invested sits at 10.48% in year one, and rental yield is 6.09% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 54.24% and total cumulative return in cash sums $93,681. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,663/mo property income rather than buyer’s personal income.
Condo
Built in 1976
0.32 Acres lot
$N/A/sqft
$300 monthly 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: Carolyn Vallerini • Weichert Realtors-Pt.Pl.Beach
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22527645
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.