321 6th Avenue UNIT 103Asbury 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
Total monthly income runs $2,174/mo, and a $1,659/mo payment. Purchase price stands at $339,000, and rental yield measures 7.7% with $2,174/mo rent. Return on cash invested shows 17.32% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 90.2% and total cumulative return in cash records $101,368. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,174/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Condo
Built in 1925
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: Laureen M Manhire • Diane Turton, Realtors-Wall
Mls Name: MOMLS
Mls ID: #22519756