3403 Bridge Avenue #13Point Pleasant BeachNJ08742
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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 Point Pleasant Beach at 3403 Bridge Avenue #13, Point Pleasant Beach, NJ, 08742 earns $240/mo cash flow from $2,628/mo rent with a $1,640/mo payment. Total monthly income totals $2,628/mo, and annual cash flow totals $2,878/yr on $111,053 capital. ROI tracks 22.5% on current figures, and rental yield reads 9.41% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 117.97% and total cumulative return in cash sums $131,012. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,628/mo property income instead of your personal income.
Condo
Built in 1969
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08742, Point Pleasant Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,538 (100%) |
| Owner Occupied HU | 8,496 (62.8%) |
| Renter Occupied HU | 2,081 (15.4%) |
| Vacant Housing Units | 2,961 (21.9%) |
| Median Home Value | $683,241 |
| Average Home Value | $772,081 |
Housing Distribution
Address Breakdown
Residential
12,450
Single Family
12,242
Multi-Family
208
Businesses
1,303
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Listed by: Cortland Coleman • RE/MAX Bay Point Realtors
Mls Name: MoreMLS
Mls ID: #22537094