646 E Point Pleasant AveOcean GateNJ08740
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 Gate at 646 E Point Pleasant Ave, Ocean Gate, NJ, 08740 at $415,000 posts ROI 21.97% with $236/mo cash flow from $3,194/mo rent. Total monthly income equals $3,194/mo, and annual cash flow records $2,834/yr on $137,573 to close. Return on cash invested measures 21.97% and rental yield reads 9.24% at the current $415,000. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 by year five. Five-year ROI prints 115.14% and total cumulative return in cash totals $158,397.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,194/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
8,002 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08740, Ocean Gate, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 610 (52.6%) |
| Renter Occupied HU | 244 (21.1%) |
| Vacant Housing Units | 305 (26.3%) |
| Median Home Value | $417,460 |
| Average Home Value | $555,467 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
43
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Nearby investment properties with comparable prices
Listed by: Robert Dekanski • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2512316R
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