809 Ocean Avenue #12Avon By The SeaNJ07717
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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 Avon By The Sea at 809 Ocean Avenue #12, Avon By The Sea, NJ, 07717 earns from $2,280/mo rent with a $3,622/mo payment. Total monthly income totals $2,280/mo. ROI tracks 3.16% on current figures, and rental yield reads 3.7% at a $740,000 purchase. Equity gained on principal adds $4,775/yr, and 5% annual appreciation supports $204,448 over five years. Five-year ROI reaches 15.02% and total cumulative return in cash sums $36,562. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,280/mo property income instead of your personal income.
Condo
Built in 2005
0.50 Acres lot
$N/A/sqft
$434 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07717, Avon By The Sea, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,338 (100%) |
| Owner Occupied HU | 585 (43.7%) |
| Renter Occupied HU | 319 (23.8%) |
| Vacant Housing Units | 434 (32.4%) |
| Median Home Value | $1,356,218 |
| Average Home Value | $1,450,564 |
Housing Distribution
Address Breakdown
Residential
1,189
Single Family
1,073
Multi-Family
116
Businesses
122
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Listed by: Kelly Cutillo • Diane Turton, Realtors-Avon
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22525120
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.