263 Kearney Avenue #BSeaside 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
Rental property for sale in Seaside Heights at 263 Kearney Avenue #B, Seaside Heights, NJ, 08751 priced at $359,900 converts $2,644/mo rent into $78/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,644/mo, and annual cash flow totals $939/yr on $119,307 invested. Return on cash invested prints 20.7% in year one, and rental yield reads 8.82% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 108.32% and total cumulative return in cash sums $129,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,644/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Condo
Built in 1940
N/A 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: Juliann Mangiapane • Keller Williams Shore Properties
Mls Name: MoreMLS
Mls ID: #22528989