Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Ocean View at 1621 S Shore Rd, Ocean View, NJ, 08230 uses $61,162 cash to close to unlock $5,819/yr annual cash flow and $485/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $903/mo payment keeps the spread at $485/mo. Purchase price stands at $184,500, and rental yield measures 11.71% with $1,800/mo rent. Return on cash invested shows 29.42% in year one, and 5% annual appreciation builds toward $50,974 over five years. Five-year ROI reaches 155.1% and total cumulative return in cash records $94,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $903/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08230, Ocean View, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,885 (100%) |
| Owner Occupied HU | 2,248 (77.9%) |
| Renter Occupied HU | 215 ( 7.5%) |
| Vacant Housing Units | 422 (14.6%) |
| Median Home Value | $504,666 |
| Average Home Value | $569,691 |
Residential
2,441
Single Family
2,441
Multi-Family
0
Businesses
237
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: Michele L. Watkins • COMPASS RE - Ocean City
Mls Name: CMCAOR
Mls ID: #252941
