30 Ocean Pathway UNIT 3BOcean GroveNJ07756
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 Ocean Grove at 30 Ocean Pathway UNIT 3B, Ocean Grove, NJ, 07756 priced at $849,000 converts $2,760/mo rent into after a $4,155/mo obligation. Total monthly income equals $2,760/mo. Return on cash invested prints 3.88% in year one, and rental yield reads 3.9% against a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation compiles into $234,563 by year five. Five-year ROI reaches 18.83% and total cumulative return in cash sums $52,604. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $4,155/mo payment, not borrower’s personal income.
Condo
Built in 2013
0.26 Acres lot
$N/A/sqft
$475 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07756, Ocean Grove, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,142 (100%) |
| Owner Occupied HU | 896 (28.5%) |
| Renter Occupied HU | 972 (30.9%) |
| Vacant Housing Units | 1,274 (40.5%) |
| Median Home Value | $923,181 |
| Average Home Value | $1,021,334 |
Housing Distribution
Address Breakdown
Residential
2,770
Single Family
2,161
Multi-Family
609
Businesses
180
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valerie Green • Jack Green Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22429166
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.