42 Charles CtOceanNJ07712
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
Investment property for sale in Ocean at 42 Charles Ct, Ocean, NJ, 07712 at $627,700 posts ROI 23.05% with $515/mo cash flow from $5,324/mo rent. Total monthly income equals $5,324/mo, and annual cash flow records $6,182/yr on $206,513 to close. Return on cash invested measures 23.05% and rental yield reads 10.18% at the current $627,700. Equity gained on principal adds $4,050/yr, and 5% annual appreciation supports $173,422 by year five. Five-year ROI prints 121.63% and total cumulative return in cash totals $251,180.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,324/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1990
N/A lot
$N/A/sqft
$335 monthly 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: N/A • N/A
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