92 Heck 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 92 Heck Avenue, Ocean Grove, NJ, 07756 offers a 4.56% rental yield on a $979,000 purchase with $3,724/mo rent. 94% in year one. Equity gained on principal adds $6,317/yr while 5% annual appreciation supports $270,480 over five years. Portfolio math shows five-year ROI at 39.84% and total cumulative return in cash at $128,314. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,724/mo property income against a $4,792/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
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: Thea Bowers • RE/MAX Gateway
Mls Name: MoreMLS
Mls ID: #22529904