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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Asbury Park at 508 7th Avenue UNIT 3, Asbury Park, NJ, 07712 uses $124,313 cash to close to unlock $2,490/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $3,281/mo, and a $1,835/mo payment keeps the spread at $208/mo. Purchase price stands at $375,000, and rental yield measures 10.5% with $3,281/mo rent. Return on cash invested shows 21.91% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 116.24% and total cumulative return in cash records $144,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,281/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 1930
435.60 sqft lot
$N/A/sqft
$401 monthly HOA
Neighborhood data shown for ZIP Code: 07712, Asbury Park, NJ area.
| 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 |
Residential
18,546
Single Family
14,594
Multi-Family
3,952
Businesses
1,468
Date | Event | Price |
|---|---|---|
| 2024-11-06 | Price change | $375,000 |
| 2024-10-11 | Listed for sale | $385,000 |
| 2023-10-26 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $4070.62 | 14.22% | $263,300 | 15.03% |
| 2022-11-12 | $3563.97 | 8.39% | $228,900 | 10.00% |
| 2021-11-12 | $3287.98 | -10.20% | $208,100 | 4.00% |
Listed by: Deana Kreher • RE/MAX Gateway
Mls Name: MOMLS
Mls Provider:
Mls ID: #22429597
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.
