28 Fremont Avenue #B8Seaside 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
Rental property for sale in Seaside Heights at 28 Fremont Avenue #B8, Seaside Heights, NJ, 08751 priced at $190,000 pairs $1,528/mo rent with $174/mo cash flow after a $930/mo payment. Total monthly income equals $1,528/mo, and annual cash flow comes to $2,084/yr on $62,985 invested. Return on cash invested is 23.22% in year one, and rental yield stands at 9.65% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 121.82% and total cumulative return in cash reaches $76,728. For financing, Ziffy Mortgage’s DSCR program evaluates $1,528/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1970
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara Montone • Crossroads Realty Inc-Lavallette
Mls Name: MoreMLS
Mls ID: #22520513