81 Stockton AvenueOcean GroveNJ07756
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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 Ocean Grove at 81 Stockton Avenue, Ocean Grove, NJ, 07756 at $699,000 posts ROI 8.97% with from $2,856/mo rent. Total monthly income equals $2,856/mo. Return on cash invested measures 8.97% and rental yield reads 4.9% at the current $699,000. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 by year five. Five-year ROI prints 45.36% and total cumulative return in cash totals $104,306. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,856/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
1,680 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07756, Ocean Grove, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,142 (100%) |
| Owner Occupied HU | 896 (28.5%) |
| Renter Occupied HU | 972 (30.9%) |
| Vacant Housing Units | 1,274 (40.5%) |
| Median Home Value | $923,181 |
| Average Home Value | $1,021,334 |
Housing Distribution
Address Breakdown
Residential
2,770
Single Family
2,161
Multi-Family
609
Businesses
180
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Listed by: Michele DeRose • RE/MAX Gateway
Mls Name: MoreMLS
Mls ID: #22525550