561 Corsons Tavern Rd #43Ocean ViewNJ08230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 561 Corsons Tavern Rd #43, Ocean View, NJ, 08230 offers a 9.5% rental yield on a $104,500 purchase with $827/mo rent. Total monthly income registers $827/mo, and a $511/mo payment leaves $83/mo available for distribution. Annual cash flow reaches $991/yr on $34,642 to close, and return on cash invested stands at 22.77% in year one. Equity gained on principal adds $674/yr while 5% annual appreciation supports $28,871 over five years. Portfolio math shows five-year ROI at 119.48% and total cumulative return in cash at $41,389. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $827/mo property income against a $511/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2018
1 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan O'Keefe • HOMESTEAD REAL ESTATE CO. INC.
Mls Name: CMCAOR
Mls ID: #252113