745 Ocean AvenueBeachwoodNJ08722
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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 Beachwood at 745 Ocean Avenue, Beachwood, NJ, 08722 priced at $467,000 pairs $3,290/mo rent with after a $2,286/mo payment. Total monthly income equals $3,290/mo. Return on cash invested is 19.61% in year one, and rental yield stands at 8.45% on a $467,000 basis. Equity gained on principal adds $3,013/yr, and 5% annual appreciation accumulates to $129,023 by year five. Five-year ROI measures 102.48% and total cumulative return in cash reaches $158,643. For financing, Ziffy Mortgage’s DSCR program evaluates $3,290/mo property income against a $2,286/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
8,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08722, Beachwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,961 (100%) |
| Owner Occupied HU | 3,406 (86.0%) |
| Renter Occupied HU | 437 (11.0%) |
| Vacant Housing Units | 118 ( 3.0%) |
| Median Home Value | $353,598 |
| Average Home Value | $387,689 |
Housing Distribution
Address Breakdown
Residential
3,877
Single Family
3,877
Multi-Family
0
Businesses
161
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Listed by: Michael Barone • C21/ Solid Gold Realty
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22507170
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.