2060 Route 35 S #3Seaside 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
Investment property for sale in Seaside Heights at 2060 Route 35 S #3, Seaside Heights, NJ, 08751 uses $177,660 cash to close to unlock $624/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $3,901/mo, and a $2,643/mo payment keeps the spread at $52/mo. Purchase price stands at $540,000, and rental yield measures 8.67% with $3,901/mo rent. Return on cash invested shows 20.41% in year one, and 5% annual appreciation builds toward $149,192 over five years. Five-year ROI reaches 106.74% and total cumulative return in cash records $189,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,901/mo property income covering a $2,643/mo payment rather than investor’s personal income.
Condo
Built in 1991
435.60 sqft lot
$N/A/sqft
No 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: Dionne Skelly Santomauro • Goldstone Realty
Mls Name: MoreMLS
Mls ID: #22601449