23 Bloomsbury RoadAsburyNJ08802
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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
Rental property for sale in Asbury at 23 Bloomsbury Road, Asbury, NJ, 08802 priced at $249,000 converts $1,722/mo rent into after a $1,219/mo obligation. Total monthly income equals $1,722/mo. Return on cash invested prints 19.14% in year one, and rental yield reads 8.3% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 99.93% and total cumulative return in cash sums $82,484. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,722/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08802, Asbury, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,566 (100%) |
| Owner Occupied HU | 1,380 (88.1%) |
| Renter Occupied HU | 130 ( 8.3%) |
| Vacant Housing Units | 56 ( 3.6%) |
| Median Home Value | $557,955 |
| Average Home Value | $569,612 |
Housing Distribution
Address Breakdown
Residential
1,459
Single Family
1,459
Multi-Family
0
Businesses
86
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Listed by: Franca Carbone • Keller Williams Real Estate
Mls Name: GSMLS
Mls ID: #3984020