38 Riverdale AvenueMonmouth BeachNJ07750
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 Monmouth Beach at 38 Riverdale Avenue, Monmouth Beach, NJ, 07750 generates $5,686/mo in rent, after a $6,847/mo payment. Total monthly income is $5,686/mo. Return on cash invested sits at 9.02% in year one, and rental yield is 4.88% on a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 45.64% and total cumulative return in cash sums $206,861. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,686/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07750, Monmouth Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,225 (60.3%) |
| Renter Occupied HU | 243 (12.0%) |
| Vacant Housing Units | 562 (27.7%) |
| Median Home Value | $1,243,274 |
| Average Home Value | $1,385,284 |
Housing Distribution
Address Breakdown
Residential
1,858
Single Family
1,349
Multi-Family
509
Businesses
106
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrice Simonetti • Berkshire Hathaway HomeServices Fox & Roach - Red Bank
Mls Name: MOMLS
Mls Provider:
Mls ID: #22521764
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.