247 Sherman AvenueSeaside HeightsNJ08751
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 Seaside Heights at 247 Sherman Avenue, Seaside Heights, NJ, 08751 with 5% annual appreciation on a $818,000 basis while $2,107/mo rent supports operations. 46% in year one. Equity gained on principal adds $5,278/yr, and five-year appreciation sums $225,998 alongside rental yield of 3.09%. Five-year ROI measures 15.83% and total cumulative return in cash totals $42,607. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,107/mo property income versus a $4,004/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
2,178 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Pizzola • Heritage House Sotheby's International Realty
Mls Name: MoreMLS
Mls ID: #22535142