9 Violet DriveOceanNJ07712
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 at 9 Violet Drive, Ocean, NJ, 07712 priced at $1,275,000 converts $6,307/mo rent into after a $6,240/mo obligation. Total monthly income equals $6,307/mo. Return on cash invested prints 12.29% in year one, and rental yield reads 5.94% against a $1,275,000 entry. Equity gained on principal adds $8,227/yr, while 5% annual appreciation compiles into $352,259 by year five. Five-year ROI reaches 63.16% and total cumulative return in cash sums $260,930. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,307/mo property income covering a $6,240/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07712, Asbury Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,067 (100%) |
| Owner Occupied HU | 8,930 (44.5%) |
| Renter Occupied HU | 9,346 (46.6%) |
| Vacant Housing Units | 1,791 ( 8.9%) |
| Median Home Value | $657,840 |
| Average Home Value | $712,237 |
Housing Distribution
Address Breakdown
Residential
18,546
Single Family
14,594
Multi-Family
3,952
Businesses
1,468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dorota Paziewska • C21/ Mack Morris Iris Lurie
Mls Name: MoreMLS
Mls ID: #22531147