409 Newport AvenueOcean GateNJ08740
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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 Ocean Gate at 409 Newport Avenue, Ocean Gate, NJ, 08740 priced at $979,900 pairs $5,226/mo rent with after a $4,796/mo payment. Total monthly income equals $5,226/mo. Return on cash invested is 13.51% in year one, and rental yield stands at 6.4% on a $979,900 basis. Equity gained on principal adds $6,323/yr, and 5% annual appreciation accumulates to $270,728 by year five. Five-year ROI measures 69.76% and total cumulative return in cash reaches $224,897. For financing, Ziffy Mortgage’s DSCR program evaluates $5,226/mo property income against a $4,796/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08740, Ocean Gate, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 610 (52.6%) |
| Renter Occupied HU | 244 (21.1%) |
| Vacant Housing Units | 305 (26.3%) |
| Median Home Value | $417,460 |
| Average Home Value | $555,467 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
43
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Nearby investment properties with comparable prices
Listed by: Robert N Lange • RE/MAX Gateway
Mls Name: MoreMLS
Mls ID: #22533001