200 Monmouth Avenue #23Spring LakeNJ07762
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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 Spring Lake at 200 Monmouth Avenue #23, Spring Lake, NJ, 07762 offers a 10.06% rental yield on a $449,000 purchase with $3,764/mo rent. Total monthly income registers $3,764/mo, and a $2,198/mo payment leaves $563/mo available for distribution. Annual cash flow reaches $6,759/yr on $148,844 to close, and return on cash invested stands at 24.45% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 128.44% and total cumulative return in cash at $191,176. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,764/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07762, Spring Lake, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,755 (100%) |
| Owner Occupied HU | 2,831 (49.2%) |
| Renter Occupied HU | 1,406 (24.4%) |
| Vacant Housing Units | 1,518 (26.4%) |
| Median Home Value | $888,913 |
| Average Home Value | $1,183,369 |
Housing Distribution
Address Breakdown
Residential
5,253
Single Family
4,594
Multi-Family
659
Businesses
476
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Listed by: Shawn Thomson • RE/MAX Revolution
Mls Name: MoreMLS
Mls ID: #22536393