508 Monroe Avenue #101Asbury 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 Monroe Avenue #101, Asbury Park, NJ, 07712 generates $4,110/mo in rent and, after a $2,570/mo payment, leaves $368/mo in cash flow. Total monthly income is $4,110/mo, and annual cash flow is $4,410/yr on $172,725 invested. Return on cash invested sits at 22.61% in year one, and rental yield is 9.39% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 118.56% and total cumulative return in cash sums $204,789. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,110/mo property income rather than buyer’s personal income.
Condo
Built in 2004
871.20 sqft lot
$N/A/sqft
No 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: Valentina Gabela • Weichert Realtors-Spring Lake
Mls Name: MoreMLS
Mls ID: #22536453