602 Butler AvenuePoint Pleasant BeachNJ08742
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 Point Pleasant Beach at 602 Butler Avenue, Point Pleasant Beach, NJ, 08742 at $585,000 posts ROI 22.56% with $401/mo cash flow from $4,570/mo rent. Total monthly income equals $4,570/mo, and annual cash flow records $4,806/yr on $192,465 to close. Return on cash invested measures 22.56% and rental yield reads 9.37% at the current $585,000. Equity gained on principal adds $3,775/yr, and 5% annual appreciation supports $161,625 by year five. Five-year ROI prints 118.25% and total cumulative return in cash totals $227,598.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,570/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08742, Point Pleasant Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,538 (100%) |
| Owner Occupied HU | 8,496 (62.8%) |
| Renter Occupied HU | 2,081 (15.4%) |
| Vacant Housing Units | 2,961 (21.9%) |
| Median Home Value | $683,241 |
| Average Home Value | $772,081 |
Housing Distribution
Address Breakdown
Residential
12,450
Single Family
12,242
Multi-Family
208
Businesses
1,303
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Listed by: Arielle Capanna • Diane Turton, Realtors-Point Pleasant Beach
Mls Name: MOMLS
Mls ID: #22521004