403B Lake Avenue #509Asbury ParkNJ07712
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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
Total monthly income runs $3,290/mo, and a $5,869/mo payment. Purchase price stands at $1,199,000, and rental yield measures 3.29% with $3,290/mo rent. Return on cash invested shows 4.13% in year one, and 5% annual appreciation builds toward $331,262 over five years. Five-year ROI reaches 19.4% and total cumulative return in cash records $75,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,290/mo property income covering a $5,869/mo payment rather than investor’s personal income.
Condo
Built in 2026
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
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Listed by: Emilie Knight • Toll Brothers Real Estate
Mls Name: MoreMLS
Mls ID: #22533091