85 Mount Hermon WayOcean GroveNJ07756
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
Rental property for sale in Ocean Grove at 85 Mount Hermon Way, Ocean Grove, NJ, 07756 offers $3,826/mo rent that, after a $4,694/mo payment. Total monthly income is $3,826/mo. Return on cash invested measures 8.61% in year one, and rental yield stands at 4.79% at a $959,000 entry. Equity gained on principal adds $6,188/yr while 5% annual appreciation compounds into $264,954 by year five. Five-year ROI records 43.48% and total cumulative return in cash reaches $137,191. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,826/mo property income versus a $4,694/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1885
1,742 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: Kathleen McDonough • Christie's Int'l RE Group
Mls Name: MOMLS
Mls ID: #22522513