34-1 Green Grove AvenueKeyportNJ07735
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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 Keyport at 34-1 Green Grove Avenue, Keyport, NJ, 07735 priced at $425,000 converts $3,550/mo rent into $521/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,550/mo, and annual cash flow totals $6,250/yr on $140,888 invested. Return on cash invested prints 24.35% in year one, and rental yield reads 10.02% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 127.86% and total cumulative return in cash sums $180,137. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,550/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Condo
Built in 1985
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07735, Keyport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 5,319 (68.1%) |
| Renter Occupied HU | 2,111 (27.0%) |
| Vacant Housing Units | 380 ( 4.9%) |
| Median Home Value | $448,685 |
| Average Home Value | $493,582 |
Housing Distribution
Address Breakdown
Residential
7,714
Single Family
7,173
Multi-Family
541
Businesses
579
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Listed by: Raymond Sosa • Crossroads Realty Ocean Cty Regional Office
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22517078
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.