709 Howe StreetPoint Pleasant BeachNJ08742
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Point Pleasant Beach at 709 Howe Street, Point Pleasant Beach, NJ, 08742 offers a 5.43% rental yield on a $1,450,000 purchase with $6,560/mo rent. 73% in year one. Equity gained on principal adds $9,357/yr while 5% annual appreciation supports $400,608 over five years. Portfolio math shows five-year ROI at 54.76% and total cumulative return in cash at $257,277. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,560/mo property income against a $7,097/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08742, Point Pleasant Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,538 (100%) |
| Owner Occupied HU | 8,496 (62.8%) |
| Renter Occupied HU | 2,081 (15.4%) |
| Vacant Housing Units | 2,961 (21.9%) |
| Median Home Value | $683,241 |
| Average Home Value | $772,081 |
Housing Distribution
Address Breakdown
Residential
12,450
Single Family
12,242
Multi-Family
208
Businesses
1,303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laurin LaLima • C21/ Mack Morris Iris Lurie
Mls Name: MoreMLS
Mls ID: #22602179