49 Hope Corson RdOcean ViewNJ08230
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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
Investment property for sale in Ocean View at 49 Hope Corson Rd, Ocean View, NJ, 08230 offers a 9.52% rental yield on a $464,000 purchase with $3,680/mo rent. Total monthly income registers $3,680/mo, and a $2,271/mo payment leaves $373/mo available for distribution. Annual cash flow reaches $4,473/yr on $153,816 to close, and return on cash invested stands at 22.82% in year one. Equity gained on principal adds $2,994/yr while 5% annual appreciation supports $128,195 over five years. Portfolio math shows five-year ROI at 119.67% and total cumulative return in cash at $184,065. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,680/mo property income against a $2,271/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08230, Ocean View, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,885 (100%) |
| Owner Occupied HU | 2,248 (77.9%) |
| Renter Occupied HU | 215 ( 7.5%) |
| Vacant Housing Units | 422 (14.6%) |
| Median Home Value | $504,666 |
| Average Home Value | $569,691 |
Housing Distribution
Address Breakdown
Residential
2,441
Single Family
2,441
Multi-Family
0
Businesses
237
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Listed by: Janice Conwell • HOMESTEAD REAL ESTATE CO. INC.
Mls Name: CMCAOR
Mls ID: #251413