214 Ocean AvenueIsland HeightsNJ08732
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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 Island Heights at 214 Ocean Avenue, Island Heights, NJ, 08732 offers a 6.54% rental yield on a $729,000 purchase with $3,974/mo rent. 95% in year one. Equity gained on principal adds $4,704/yr while 5% annual appreciation supports $201,409 over five years. Portfolio math shows five-year ROI at 72.06% and total cumulative return in cash at $172,836. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,974/mo property income against a $3,568/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: 08732, Island Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 795 (100%) |
| Owner Occupied HU | 601 (75.6%) |
| Renter Occupied HU | 91 (11.4%) |
| Vacant Housing Units | 103 (13.0%) |
| Median Home Value | $644,947 |
| Average Home Value | $745,761 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
129
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Listed by: Rivkah Rosenfeld • HomeSmart First Advantage
Mls Name: MOMLS
Mls Provider:
Mls ID: #22427324
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.