406B Cookman Avenue #308Asbury 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
Rental property for sale in Asbury Park at 406B Cookman Avenue #308, Asbury Park, NJ, 07712 generates $3,547/mo in rent, after a $8,193/mo payment. Total monthly income is $3,547/mo. Return on cash invested sits at 1.82% in year one, and rental yield is 2.54% on a $1,674,000 entry. Equity gained on principal adds $10,802/yr, while 5% annual appreciation builds toward $462,495 over five years. Five-year ROI reaches 7% and total cumulative return in cash sums $37,960. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,547/mo property income rather than buyer’s personal income.
Condo
Built in 2025
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: #22533190