330 Shore Drive #B7HighlandsNJ07732
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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 Highlands at 330 Shore Drive #B7, Highlands, NJ, 07732 uses $106,080 cash to close to unlock $3,616/yr annual cash flow and $301/mo monthly cash flow. Total monthly income runs $2,582/mo, and a $1,566/mo payment keeps the spread at $301/mo. Purchase price stands at $320,000, and rental yield measures 9.68% with $2,582/mo rent. Return on cash invested shows 23.32% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 122.38% and total cumulative return in cash records $129,819. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,582/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07732, Highlands, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,931 (100%) |
| Owner Occupied HU | 1,483 (50.6%) |
| Renter Occupied HU | 950 (32.4%) |
| Vacant Housing Units | 498 (17.0%) |
| Median Home Value | $609,888 |
| Average Home Value | $671,645 |
Housing Distribution
Address Breakdown
Residential
2,694
Single Family
2,306
Multi-Family
388
Businesses
128
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Listed by: Allison M Kane • Keller Williams Realty East Monmouth
Mls Name: MoreMLS
Mls ID: #22602324