263 Kearney AvenueSeaside 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, Seaside Heights, NJ, 08751 priced at $659,900 converts $1,868/mo rent into after a $3,230/mo obligation. Total monthly income equals $1,868/mo. Return on cash invested prints 4.39% in year one, and rental yield reads 3.4% against a $659,900 entry. Equity gained on principal adds $4,258/yr, while 5% annual appreciation compiles into $182,318 by year five. Five-year ROI reaches 20.82% and total cumulative return in cash sums $45,206. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,868/mo property income covering a $3,230/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
6,098 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
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Listed by: Juliann Mangiapane • Keller Williams Shore Properties
Mls Name: MoreMLS
Mls ID: #22529030