700 Ocean Avenue UNIT 530Spring 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 UNIT 530, Spring Lake, NJ, 07762 earns from $2,905/mo rent with a $2,080/mo payment. Total monthly income totals $2,905/mo. ROI tracks 8.73% on current figures, and rental yield reads 8.2% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 47.81% and total cumulative return in cash sums $67,361. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,905/mo property income instead of your personal income.
Single Family
Built in 2002
435.60 sqft lot
$N/A/sqft
$1,188 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: Melissa Giegerich • Keller Williams Realty Spring Lake
Mls Name: MOMLS
Mls Provider:
Mls ID: #22515172
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.