700 Ocean Avenue #128Spring LakeNJ07762
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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
Total monthly income runs $3,284/mo, and a $3,421/mo payment. Purchase price stands at $699,000, and rental yield measures 5.64% with $3,284/mo rent. Return on cash invested shows 11.2% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 57.34% and total cumulative return in cash records $131,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,284/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Single Family
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07762, Spring Lake, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,755 (100%) |
| Owner Occupied HU | 2,831 (49.2%) |
| Renter Occupied HU | 1,406 (24.4%) |
| Vacant Housing Units | 1,518 (26.4%) |
| Median Home Value | $888,913 |
| Average Home Value | $1,183,369 |
Housing Distribution
Address Breakdown
Residential
5,253
Single Family
4,594
Multi-Family
659
Businesses
476
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Listed by: Barry O'Brien • D'Amico & McConnell Realtors
Mls Name: MoreMLS
Mls ID: #22537069