405 8th AvenueSeaside HeightsNJ08751
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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 $4,422/mo, and a $6,779/mo payment. Purchase price stands at $1,385,000, and rental yield measures 3.83% with $4,422/mo rent. Return on cash invested shows 5.8% in year one, and 5% annual appreciation builds toward $382,650 over five years. Five-year ROI reaches 28.32% and total cumulative return in cash records $127,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,422/mo property income covering a $6,779/mo payment rather than investor’s personal income.
Single Family
Built in 2019
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08751, Seaside Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,631 (100%) |
| Owner Occupied HU | 1,002 (17.8%) |
| Renter Occupied HU | 959 (17.0%) |
| Vacant Housing Units | 3,670 (65.2%) |
| Median Home Value | $647,028 |
| Average Home Value | $715,484 |
Housing Distribution
Address Breakdown
Residential
2,023
Single Family
1,993
Multi-Family
30
Businesses
200
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Listed by: Timothy O'Shea • Keller Williams Shore Properties
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22525517
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.