229 Kearney Avenue #2Seaside 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 229 Kearney Avenue #2, Seaside Heights, NJ, 08751 offers a 9.35% rental yield on a $308,000 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,508/mo payment leaves $204/mo available for distribution. Annual cash flow reaches $2,450/yr on $102,102 to close, and return on cash invested stands at 22.31% in year one. Equity gained on principal adds $1,987/yr while 5% annual appreciation supports $85,095 over five years. Portfolio math shows five-year ROI at 116.98% and total cumulative return in cash at $119,440. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,508/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
6,098 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: Paul H. Schneider • Realty One Group Emerge
Mls Name: MoreMLS
Mls ID: #22532077