48 Morningside AvenueKeansburgNJ07734
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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 Keansburg at 48 Morningside Avenue, Keansburg, NJ, 07734 priced at $397,000 converts $3,330/mo rent into $500/mo cash flow after a $1,943/mo obligation. Total monthly income equals $3,330/mo, and annual cash flow totals $6,004/yr on $131,606 invested. Return on cash invested prints 24.47% in year one, and rental yield reads 10.07% against a $397,000 entry. Equity gained on principal adds $2,562/yr, while 5% annual appreciation compiles into $109,684 by year five. Five-year ROI reaches 128.56% and total cumulative return in cash sums $169,186. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,330/mo property income covering a $1,943/mo payment, not borrower’s personal income.
Single Family
Built in 1923
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07734, Keansburg, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,878 (100%) |
| Owner Occupied HU | 2,984 (50.8%) |
| Renter Occupied HU | 2,227 (37.9%) |
| Vacant Housing Units | 667 (11.3%) |
| Median Home Value | $338,365 |
| Average Home Value | $364,956 |
Housing Distribution
Address Breakdown
Residential
5,106
Single Family
4,641
Multi-Family
465
Businesses
184
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Listed by: Christina Finucan • Weichert Realtors-Rumson
Mls Name: MOMLS
Mls ID: #22523364