55 Ocean Avenue #3LMonmouth BeachNJ07750
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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 Monmouth Beach at 55 Ocean Avenue #3L, Monmouth Beach, NJ, 07750 priced at $1,575,000 converts $5,683/mo rent into after a $7,709/mo obligation. Total monthly income equals $5,683/mo. Return on cash invested prints 7.33% in year one, and rental yield reads 4.33% against a $1,575,000 entry. Equity gained on principal adds $10,163/yr, while 5% annual appreciation compiles into $435,143 by year five. Five-year ROI reaches 36.57% and total cumulative return in cash sums $186,626. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,683/mo property income covering a $7,709/mo payment, not borrower’s personal income.
Condo
Built in 1981
4.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07750, Monmouth Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,225 (60.3%) |
| Renter Occupied HU | 243 (12.0%) |
| Vacant Housing Units | 562 (27.7%) |
| Median Home Value | $1,243,274 |
| Average Home Value | $1,385,284 |
Housing Distribution
Address Breakdown
Residential
1,858
Single Family
1,349
Multi-Family
509
Businesses
106
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Listed by: Anna Garifine • RE/MAX Synergy
Mls Name: MoreMLS
Mls ID: #22602874