55 Ocean Avenue UNIT 5DMonmouth 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
Investment property for sale in Monmouth Beach at 55 Ocean Avenue UNIT 5D, Monmouth Beach, NJ, 07750 listed at $599,000 pairs $3,928/mo rent with a $2,932/mo payment. Total monthly income runs $3,928/mo. Return on cash invested measures 14.33% in year one, and rental yield registers 7.87% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 75.47% and total cumulative return in cash totals $148,738. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,928/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
4.15 Acres lot
$N/A/sqft
$599 monthly 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: Michael Galindez • RE/MAX First Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22426457
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.