50 Gimbel PlaceOceanNJ07712
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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 at 50 Gimbel Place, Ocean, NJ, 07712 priced at $518,000 pairs $4,667/mo rent with $590/mo cash flow after a $2,535/mo payment. Total monthly income equals $4,667/mo, and annual cash flow comes to $7,082/yr on $170,422 invested. Return on cash invested is 24.22% in year one, and rental yield stands at 10.81% on a $518,000 basis. Equity gained on principal adds $3,343/yr, and 5% annual appreciation accumulates to $143,114 by year five. Five-year ROI measures 128.14% and total cumulative return in cash reaches $218,371. For financing, Ziffy Mortgage’s DSCR program evaluates $4,667/mo property income against a $2,535/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1988
0.33 Acres lot
$N/A/sqft
$385 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: Kim L Spector • Coldwell Banker Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22509198
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.