602 Park AvenuePort MonmouthNJ07758
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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 Port Monmouth at 602 Park Avenue, Port Monmouth, NJ, 07758 with 5% annual appreciation on a $669,900 basis while $4,984/mo rent supports operations. Total monthly income totals $4,984/mo and a $3,279/mo payment preserves $209/mo for cash returns. Annual cash flow comes to $2,507/yr on $220,397 deployed, and return on cash invested reaches 21.2% in year one. Equity gained on principal adds $4,323/yr, and five-year appreciation sums $185,081 alongside rental yield of 8.93%. Five-year ROI measures 110.95% and total cumulative return in cash totals $244,533.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,984/mo property income versus a $3,279/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2009
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07758, Port Monmouth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,869 (100%) |
| Owner Occupied HU | 1,529 (81.8%) |
| Renter Occupied HU | 269 (14.4%) |
| Vacant Housing Units | 71 ( 3.8%) |
| Median Home Value | $569,581 |
| Average Home Value | $682,402 |
Housing Distribution
Address Breakdown
Residential
1,856
Single Family
1,748
Multi-Family
108
Businesses
83
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Listed by: Bradley Moore • O'Brien Realty, LLC
Mls Name: MoreMLS
Mls ID: #22532959