310 Maryland Avenue UNIT 24APt Pleasant BeachNJ08742
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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 Pt Pleasant Beach at 310 Maryland Avenue UNIT 24A, Pt Pleasant Beach, NJ, 08742 offers a 6.37% rental yield on a $450,000 purchase with $2,389/mo rent. 2% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 53.13% and total cumulative return in cash at $79,254. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,389/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1963
2,613 sqft lot
$N/A/sqft
$388 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08742, Point Pleasant Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,538 (100%) |
| Owner Occupied HU | 8,496 (62.8%) |
| Renter Occupied HU | 2,081 (15.4%) |
| Vacant Housing Units | 2,961 (21.9%) |
| Median Home Value | $683,241 |
| Average Home Value | $772,081 |
Housing Distribution
Address Breakdown
Residential
12,450
Single Family
12,242
Multi-Family
208
Businesses
1,303
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Listed by: Rachel Baran • Schlosser Real Estate, Inc.
Mls Name: MOMLS
Mls Provider:
Mls ID: #22507971
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.