66 Whitefield Avenue UNIT 124Ocean GroveNJ07756
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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 Ocean Grove at 66 Whitefield Avenue UNIT 124, Ocean Grove, NJ, 07756 uses $165,419 cash to close to unlock $823/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $3,937/mo, and a $2,442/mo payment keeps the spread at $69/mo. Purchase price stands at $499,000, and rental yield measures 9.47% with $3,937/mo rent. Return on cash invested shows 20.41% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 107.56% and total cumulative return in cash records $177,930. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,937/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Condo
Built in 1986
435.60 sqft lot
$N/A/sqft
$312 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07756, Ocean Grove, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,142 (100%) |
| Owner Occupied HU | 896 (28.5%) |
| Renter Occupied HU | 972 (30.9%) |
| Vacant Housing Units | 1,274 (40.5%) |
| Median Home Value | $923,181 |
| Average Home Value | $1,021,334 |
Housing Distribution
Address Breakdown
Residential
2,770
Single Family
2,161
Multi-Family
609
Businesses
180
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Listed by: Lisa Lawson • C21/ Solid Gold Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22509936
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.