56 Route 50 LOT 350Ocean ViewNJ08230
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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 Ocean View at 56 Route 50 LOT 350, Ocean View, NJ, 08230 earns $116/mo cash flow from $1,078/mo rent with a $661/mo payment. Total monthly income totals $1,078/mo, and annual cash flow totals $1,386/yr on $44,753 capital. ROI tracks 23.01% on current figures, and rental yield reads 9.58% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 120.75% and total cumulative return in cash sums $54,037. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,078/mo property income instead of your personal income.
Manufactured
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08230, Ocean View, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,885 (100%) |
| Owner Occupied HU | 2,248 (77.9%) |
| Renter Occupied HU | 215 ( 7.5%) |
| Vacant Housing Units | 422 (14.6%) |
| Median Home Value | $504,666 |
| Average Home Value | $569,691 |
Housing Distribution
Address Breakdown
Residential
2,441
Single Family
2,441
Multi-Family
0
Businesses
237
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Listed by: Michele L. Watkins • COMPASS RE - Ocean City
Mls Name: CMCAOR
Mls ID: #252127