7 Spring Lake AvenueOceanportNJ07757
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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
Rental property for sale in Oceanport at 7 Spring Lake Avenue, Oceanport, NJ, 07757 offers $7,522/mo rent that, after a $4,351/mo payment, leaves $1,186/mo cash flow. Total monthly income is $7,522/mo, and annual cash flow is $14,227/yr on $292,481 cash. Return on cash invested measures 24.92% in year one, and rental yield stands at 10.15% at a $889,000 entry. Equity gained on principal adds $5,737/yr while 5% annual appreciation compounds into $245,614 by year five. Five-year ROI records 130.95% and total cumulative return in cash reaches $382,994. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,522/mo property income versus a $4,351/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07757, Oceanport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,503 (100%) |
| Owner Occupied HU | 1,997 (79.8%) |
| Renter Occupied HU | 385 (15.4%) |
| Vacant Housing Units | 121 ( 4.8%) |
| Median Home Value | $790,812 |
| Average Home Value | $898,702 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,234
Multi-Family
183
Businesses
183
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Listed by: Tara Ward • O'Brien Realty, LLC
Mls Name: MoreMLS
Mls ID: #22527472