720 Ocean Avenue #8Long BranchNJ07740
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
Rental property for sale in Long Branch at 720 Ocean Avenue #8, Long Branch, NJ, 07740 generates $2,519/mo in rent, after a $1,884/mo payment. Total monthly income is $2,519/mo. Return on cash invested sits at 17.8% in year one, and rental yield is 7.85% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 92.76% and total cumulative return in cash sums $118,390. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,519/mo property income rather than buyer’s personal income.
Condo
Built in 1975
2.83 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samantha Vallone • Natale Realtors
Mls Name: MoreMLS
Mls ID: #22520534