344 E Point Pleasant AvenueOcean GateNJ08740
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ocean Gate at 344 E Point Pleasant Avenue, Ocean Gate, NJ, 08740 offers $4,048/mo rent that, after a $2,203/mo payment, leaves $840/mo cash flow. Total monthly income is $4,048/mo, and annual cash flow is $10,080/yr on $149,175 cash. Return on cash invested measures 26.67% in year one, and rental yield stands at 10.79% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 140.3% and total cumulative return in cash reaches $209,286. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,048/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.37 Acres 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: Diane Derose • Keller Williams Shore Properties
Mls Name: MOMLS
Mls Provider:
Mls ID: #22432356
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.