392 Ocean BLDG 392 #1703Long 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 BLDG 392 #1703, Long Branch, NJ, 07740 offers a 2.14% rental yield on a $1,475,000 purchase with $2,632/mo rent. 58% in year one. Equity gained on principal adds $9,518/yr while 5% annual appreciation supports $407,515 over five years. Portfolio math shows five-year ROI at 0.35% and total cumulative return in cash at $1,666. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,632/mo property income against a $7,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2026
4 Acres 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 Int. Real Estate Group
Mls Name: GSMLS
Mls ID: #4002299