231 E Lakewood AvenueOcean GateNJ08740
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ocean Gate at 231 E Lakewood Avenue, Ocean Gate, NJ, 08740 listed at $428,000 pairs $3,206/mo rent with a $2,095/mo payment to leave $155/mo cash flow. Total monthly income runs $3,206/mo, and annual cash flow reaches $1,862/yr on $141,882 cash to close. Return on cash invested measures 21.22% in year one, and rental yield registers 8.99% at a $428,000 basis. Equity gained on principal adds $2,762/yr, and annual property appreciation at 5% supports $118,249 by year five. Five-year ROI tracks 111.13% and total cumulative return in cash totals $157,679. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,206/mo property income relative to a $2,095/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08740, Ocean Gate, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 610 (52.6%) |
| Renter Occupied HU | 244 (21.1%) |
| Vacant Housing Units | 305 (26.3%) |
| Median Home Value | $417,460 |
| Average Home Value | $555,467 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert N Lange • RE/MAX Gateway
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22512936
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.