30 Ocean AvenueHighlandsNJ07732
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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 Highlands at 30 Ocean Avenue, Highlands, NJ, 07732 priced at $580,000 converts $3,385/mo rent into after a $2,839/mo obligation. Total monthly income equals $3,385/mo. Return on cash invested prints 15.35% in year one, and rental yield reads 7% against a $580,000 entry. Equity gained on principal adds $3,743/yr, while 5% annual appreciation compiles into $160,243 by year five. Five-year ROI reaches 79.59% and total cumulative return in cash sums $151,869. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,385/mo property income covering a $2,839/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07732, Highlands, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,931 (100%) |
| Owner Occupied HU | 1,483 (50.6%) |
| Renter Occupied HU | 950 (32.4%) |
| Vacant Housing Units | 498 (17.0%) |
| Median Home Value | $609,888 |
| Average Home Value | $671,645 |
Housing Distribution
Address Breakdown
Residential
2,694
Single Family
2,306
Multi-Family
388
Businesses
128
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Listed by: Kristina Goldian • Real Broker, LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22504351
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.