700 Ocean Avenue #G31Spring 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
Investment property for sale in Spring Lake at 700 Ocean Avenue #G31, Spring Lake, NJ, 07762 listed at $649,000 pairs $4,024/mo rent with a $3,177/mo payment. Total monthly income runs $4,024/mo. Return on cash invested measures 10.91% in year one, and rental yield registers 7.44% at a $649,000 basis. Equity gained on principal adds $4,188/yr, and annual property appreciation at 5% supports $179,307 by year five. Five-year ROI tracks 57.91% and total cumulative return in cash totals $123,648. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,024/mo property income relative to a $3,177/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A lot
$N/A/sqft
$1,025 monthly 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: MOMLS
Mls Provider:
Mls ID: #22521061
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.