28 Luke Ct, Ocean View, NJ, 08230 | $1,134/mo Cash Flow

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28 Luke Ct, Ocean View, NJ, 08230 | $1,134/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

Set on a quiet cul-de-sac in the peaceful community of Luke Court, this 4-bedroom, 2.5-bath home offers over 2,100 square feet of space on a wooded lot that provides privacy, nature, and a tranquil setting. Inside, the first floor features an eat-in kitchen, dining room, living room, bonus room, half bath and utility room, giving you a flexible layout for everyday living. Upstairs, four well-sized bedrooms and two full baths offer plenty of room to unwind and grow. Enjoy mornings on the front porch and relaxing evenings on the back porch, both surrounded by the calm of the trees. And with the home located just minutes from popular shore and beach destinations, youll love having coastal fun, dining, and recreation within easy reach. While the home needs some updating and finishing touches, thats part of its appealthis is a solid home with great bones, ready for your vision. You get the freedom to design it exactly the way you want. Modern, classic, coastal, cozylet your vision come to life! A quiet setting, tons of space, and endless potential this is your chance to make new memories and create your truly something special on Luke Court!

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