809 Ocean Avenue N #25Avon-by-the-seaNJ07717
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
Total monthly income runs $2,374/mo, and a $3,617/mo payment. Purchase price stands at $739,000, and rental yield measures 3.85% with $2,374/mo rent. Return on cash invested shows 3.58% in year one, and 5% annual appreciation builds toward $204,172 over five years. Five-year ROI reaches 17.27% and total cumulative return in cash records $41,996. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,374/mo property income covering a $3,617/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$446 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: George Snedden • Sackman Realty
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22528292
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.