508 7th Avenue UNIT 2Asbury ParkNJ07712
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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 Asbury Park at 508 7th Avenue UNIT 2, Asbury Park, NJ, 07712 generates $2,082/mo in rent, after a $1,322/mo payment. Total monthly income is $2,082/mo. Return on cash invested sits at 19.56% in year one, and rental yield is 9.25% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 103.07% and total cumulative return in cash sums $92,257. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,082/mo property income rather than buyer’s personal income.
Condo
Built in 1930
N/A lot
$N/A/sqft
$183 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: Joann Yagoda • Jersey Shore Real Estate Group Associates LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22430772
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.