28 Luke CtOcean ViewNJ08230
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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
Investment property for sale in Ocean View at 28 Luke Ct, Ocean View, NJ, 08230 uses $139,197 cash to close to unlock $13,611/yr annual cash flow and $1,134/mo monthly cash flow. Total monthly income runs $4,127/mo, and a $2,055/mo payment keeps the spread at $1,134/mo. Purchase price stands at $419,900, and rental yield measures 11.79% with $4,127/mo rent. Return on cash invested shows 29.69% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 156.53% and total cumulative return in cash records $217,884. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,127/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08230, Ocean View, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,885 (100%) |
| Owner Occupied HU | 2,248 (77.9%) |
| Renter Occupied HU | 215 ( 7.5%) |
| Vacant Housing Units | 422 (14.6%) |
| Median Home Value | $504,666 |
| Average Home Value | $569,691 |
Housing Distribution
Address Breakdown
Residential
2,441
Single Family
2,441
Multi-Family
0
Businesses
237
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Listed by: REGINA NESE-SANTOS • REAL - FAIRFIELD
Mls Name: SJSRMLS
Mls ID: #602734