623 Central AvenueUnion BeachNJ07735
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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 Union Beach at 623 Central Avenue, Union Beach, NJ, 07735 uses $159,120 cash to close to unlock $6,996/yr annual cash flow and $583/mo monthly cash flow. Total monthly income runs $4,004/mo, and a $2,349/mo payment keeps the spread at $583/mo. Purchase price stands at $479,999, and rental yield measures 10.01% with $4,004/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 127.63% and total cumulative return in cash records $203,092. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,004/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 1935
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07735, Keyport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 5,319 (68.1%) |
| Renter Occupied HU | 2,111 (27.0%) |
| Vacant Housing Units | 380 ( 4.9%) |
| Median Home Value | $448,685 |
| Average Home Value | $493,582 |
Housing Distribution
Address Breakdown
Residential
7,714
Single Family
7,173
Multi-Family
541
Businesses
579
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Listed by: Frances B Judas • Coldwell Banker Realty
Mls Name: MOMLS
Mls ID: #22518340