717 Ocean Avenue Unit 705Long BranchNJ07740
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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 Long Branch at 717 Ocean Avenue Unit 705, Long Branch, NJ, 07740 generates $3,233/mo in rent, after a $5,159/mo payment. Total monthly income is $3,233/mo. Return on cash invested sits at 1.25% in year one, and rental yield is 3.68% on a $1,054,000 entry. Equity gained on principal adds $6,801/yr, while 5% annual appreciation builds toward $291,201 over five years. Five-year ROI reaches 5.45% and total cumulative return in cash sums $18,625. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,233/mo property income rather than buyer’s personal income.
Condo
Built in 1984
0.71 Acres lot
$N/A/sqft
$1,160 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07740, Long Branch, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,802 (100%) |
| Owner Occupied HU | 5,493 (34.8%) |
| Renter Occupied HU | 7,586 (48.0%) |
| Vacant Housing Units | 2,723 (17.2%) |
| Median Home Value | $636,006 |
| Average Home Value | $729,856 |
Housing Distribution
Address Breakdown
Residential
13,617
Single Family
10,842
Multi-Family
2,775
Businesses
917
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Listed by: Heather Hollis-Valdes • RE/MAX Synergy
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22525144
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.