183 Ridge AvenueAsbury ParkNJ07712
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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 Asbury Park at 183 Ridge Avenue, Asbury Park, NJ, 07712 uses $152,159 cash to close to unlock $4,967/yr annual cash flow and $414/mo monthly cash flow. Total monthly income runs $3,686/mo, and a $2,247/mo payment keeps the spread at $414/mo. Purchase price stands at $459,000, and rental yield measures 9.64% with $3,686/mo rent. Return on cash invested shows 23.17% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 121.58% and total cumulative return in cash records $184,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,686/mo property income covering a $2,247/mo payment rather than investor’s personal income.
Single Family
Built in 1930
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07712, Asbury Park, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
18,546
Single Family
14,594
Multi-Family
3,952
Businesses
1,468
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Listed by: Subhash Warrior • Green Light Realty
Mls Name: MoreMLS
Mls ID: #22601141