32 E Long Branch AveOcean GateNJ08740
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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 Ocean Gate at 32 E Long Branch Ave, Ocean Gate, NJ, 08740 uses $180,950 cash to close to unlock $2,180/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $4,102/mo, and a $2,692/mo payment keeps the spread at $182/mo. Purchase price stands at $550,000, and rental yield measures 8.95% with $4,102/mo rent. Return on cash invested shows 21.27% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 111.32% and total cumulative return in cash records $201,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,102/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1955
8,002 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08740, Ocean Gate, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 610 (52.6%) |
| Renter Occupied HU | 244 (21.1%) |
| Vacant Housing Units | 305 (26.3%) |
| Median Home Value | $417,460 |
| Average Home Value | $555,467 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
43
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Listed by: James Flanagan • Coldwell Banker Flanagan Realty
Mls Name: Bright MLS
Mls ID: #NJOC2035212