2058 Route 9Ocean ViewNJ08230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 View at 2058 Route 9, Ocean View, NJ, 08230 uses $146,851 cash to close to unlock $5,588/yr annual cash flow and $466/mo monthly cash flow. Total monthly income runs $3,623/mo, and a $2,168/mo payment keeps the spread at $466/mo. Purchase price stands at $442,990, and rental yield measures 9.81% with $3,623/mo rent. Return on cash invested shows 23.71% in year one, and 5% annual appreciation builds toward $122,390 over five years. Five-year ROI reaches 124.48% and total cumulative return in cash records $182,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,623/mo property income covering a $2,168/mo payment rather than investor’s personal income.
Single Family
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08230, Ocean View, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,441
Single Family
2,441
Multi-Family
0
Businesses
237
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Contino Sr • BERKSHIRE HATHAWAY HS FOX & ROACH - Simpson
Mls Name: CMCAOR
Mls ID: #253166