400 Deal Lake Drive #3FAsbury ParkNJ07712
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 Asbury Park at 400 Deal Lake Drive #3F, Asbury Park, NJ, 07712 generates $2,575/mo in rent and, after a $1,463/mo payment, leaves $444/mo in cash flow. Total monthly income is $2,575/mo, and annual cash flow is $5,331/yr on $99,119 invested. Return on cash invested sits at 25.29% in year one, and rental yield is 10.33% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 132.94% and total cumulative return in cash sums $131,770. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,575/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07712, Asbury Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,067 (100%) |
| Owner Occupied HU | 8,930 (44.5%) |
| Renter Occupied HU | 9,346 (46.6%) |
| Vacant Housing Units | 1,791 ( 8.9%) |
| Median Home Value | $657,840 |
| Average Home Value | $712,237 |
Housing Distribution
Address Breakdown
Residential
18,546
Single Family
14,594
Multi-Family
3,952
Businesses
1,468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary McAllister • O'Brien Realty, LLC
Mls Name: MoreMLS
Mls ID: #22523529