81 Wharfside DriveMonmouth BeachNJ07750
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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 Monmouth Beach at 81 Wharfside Drive, Monmouth Beach, NJ, 07750 priced at $459,000 converts $2,479/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,479/mo. Return on cash invested prints 13.65% in year one, and rental yield reads 6.48% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 70.54% and total cumulative return in cash sums $107,327. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,479/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07750, Monmouth Beach, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,225 (60.3%) |
| Renter Occupied HU | 243 (12.0%) |
| Vacant Housing Units | 562 (27.7%) |
| Median Home Value | $1,243,274 |
| Average Home Value | $1,385,284 |
Housing Distribution
Address Breakdown
Residential
1,858
Single Family
1,349
Multi-Family
509
Businesses
106
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Listed by: Colleen W McGowan • Resources Real Estate
Mls Name: MoreMLS
Mls ID: #22600109