300 Cookman Ave UNIT 326Asbury ParkNJ07712
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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 Asbury Park at 300 Cookman Ave UNIT 326, Asbury Park, NJ, 07712 generates $3,719/mo in rent, after a $6,852/mo payment. Total monthly income is $3,719/mo. Return on cash invested sits at 3.81% in year one, and rental yield is 3.19% on a $1,400,000 entry. Equity gained on principal adds $9,034/yr, while 5% annual appreciation builds toward $386,794 over five years. Five-year ROI reaches 17.68% and total cumulative return in cash sums $80,179. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,719/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07712, Asbury Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,067 (100%) |
| Owner Occupied HU | 8,930 (44.5%) |
| Renter Occupied HU | 9,346 (46.6%) |
| Vacant Housing Units | 1,791 ( 8.9%) |
| Median Home Value | $657,840 |
| Average Home Value | $712,237 |
Housing Distribution
Address Breakdown
Residential
18,546
Single Family
14,594
Multi-Family
3,952
Businesses
1,468
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Listed by: SHIRLEY MESSINGER • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2602705R