392 Ocean Avenue UNIT 1203Long BranchNJ07740
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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 Long Branch at 392 Ocean Avenue UNIT 1203, Long Branch, NJ, 07740 listed at $1,120,000 pairs $3,391/mo rent with a $5,482/mo payment. Total monthly income runs $3,391/mo. Return on cash invested measures 5.18% in year one, and rental yield registers 3.63% at a $1,120,000 basis. Equity gained on principal adds $7,227/yr, and annual property appreciation at 5% supports $309,435 by year five. Five-year ROI tracks 25.04% and total cumulative return in cash totals $90,875. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,391/mo property income relative to a $5,482/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07740, Long Branch, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,802 (100%) |
| Owner Occupied HU | 5,493 (34.8%) |
| Renter Occupied HU | 7,586 (48.0%) |
| Vacant Housing Units | 2,723 (17.2%) |
| Median Home Value | $636,006 |
| Average Home Value | $729,856 |
Housing Distribution
Address Breakdown
Residential
13,617
Single Family
10,842
Multi-Family
2,775
Businesses
917
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Listed by: Teresa Minnick • Christie's International Real Estate Group
Mls Name: MOMLS
Mls Provider:
Mls ID: #22330924
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.