24 Carty AvenueOceanportNJ07757
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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 Oceanport at 24 Carty Avenue, Oceanport, NJ, 07757 generates $6,257/mo in rent, after a $4,161/mo payment. Total monthly income is $6,257/mo. Return on cash invested sits at 19.42% in year one, and rental yield is 8.83% on a $850,200 entry. Equity gained on principal adds $5,486/yr, while 5% annual appreciation builds toward $234,895 over five years. Five-year ROI reaches 101.98% and total cumulative return in cash sums $285,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,257/mo property income rather than buyer’s personal income.
Condo
Built in 1930
3,920 sqft lot
$N/A/sqft
$346 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07757, Oceanport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,503 (100%) |
| Owner Occupied HU | 1,997 (79.8%) |
| Renter Occupied HU | 385 (15.4%) |
| Vacant Housing Units | 121 ( 4.8%) |
| Median Home Value | $790,812 |
| Average Home Value | $898,702 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,234
Multi-Family
183
Businesses
183
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Listed by: Gary Thomson • C21 Thomson & Co.
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22521130
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.