2204 Grand Central Avenue UNIT 3LavalletteNJ08735
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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
Total monthly income runs $2,034/mo, and a $1,835/mo payment. Purchase price stands at $375,000, and rental yield measures 6.51% with $2,034/mo rent. Return on cash invested shows 12.54% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 65% and total cumulative return in cash records $80,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,034/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 1975
10,018 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08735, Lavallette, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,299 (100%) |
| Owner Occupied HU | 1,520 (20.8%) |
| Renter Occupied HU | 197 ( 2.7%) |
| Vacant Housing Units | 5,582 (76.5%) |
| Median Home Value | $892,679 |
| Average Home Value | $990,875 |
Housing Distribution
Address Breakdown
Residential
2,698
Single Family
2,698
Multi-Family
0
Businesses
149
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Listed by: Alana Lieurance • Berkshire Hathaway HomeServices Healy Realtors
Mls Name: MOMLS
Mls Provider:
Mls ID: #22502785
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