62-64 Sherman Ave #B3Seaside HeightsNJ08751
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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 Seaside Heights at 62-64 Sherman Ave #B3, Seaside Heights, NJ, 08751 uses $78,996 cash to close to unlock $21,686/yr annual cash flow and $1,807/mo monthly cash flow. Total monthly income runs $3,839/mo, and a $1,166/mo payment keeps the spread at $1,807/mo. Purchase price stands at $238,300, and rental yield measures 19.33% with $3,839/mo rent. Return on cash invested shows 47.36% in year one, and 5% annual appreciation builds toward $65,838 over five years. Five-year ROI reaches 253.15% and total cumulative return in cash records $199,977. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,839/mo property income covering a $1,166/mo payment rather than investor’s personal income.
Townhouse
Built in 1988
3,920 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08751, Seaside Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,631 (100%) |
| Owner Occupied HU | 1,002 (17.8%) |
| Renter Occupied HU | 959 (17.0%) |
| Vacant Housing Units | 3,670 (65.2%) |
| Median Home Value | $647,028 |
| Average Home Value | $715,484 |
Housing Distribution
Address Breakdown
Residential
2,023
Single Family
1,993
Multi-Family
30
Businesses
200
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