313 Grant AvenueSeaside HeightsNJ08751
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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 Seaside Heights at 313 Grant Avenue, Seaside Heights, NJ, 08751 priced at $835,000 converts $3,850/mo rent into after a $4,087/mo obligation. Total monthly income equals $3,850/mo. Return on cash invested prints 10.88% in year one, and rental yield reads 5.53% against a $835,000 entry. Equity gained on principal adds $5,388/yr, while 5% annual appreciation compiles into $230,695 by year five. Five-year ROI reaches 55.64% and total cumulative return in cash sums $152,848. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,850/mo property income covering a $4,087/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08751, Seaside Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,631 (100%) |
| Owner Occupied HU | 1,002 (17.8%) |
| Renter Occupied HU | 959 (17.0%) |
| Vacant Housing Units | 3,670 (65.2%) |
| Median Home Value | $647,028 |
| Average Home Value | $715,484 |
Housing Distribution
Address Breakdown
Residential
2,023
Single Family
1,993
Multi-Family
30
Businesses
200
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Listed by: Jack R Puso • Compass New Jersey , LLC
Mls Name: MoreMLS
Mls ID: #22602690