94 Paddock CourtOceanportNJ07757
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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 Oceanport at 94 Paddock Court, Oceanport, NJ, 07757 listed at $630,000 pairs $4,933/mo rent with a $3,084/mo payment to leave $442/mo cash flow. Total monthly income runs $4,933/mo, and annual cash flow reaches $5,304/yr on $207,270 cash to close. Return on cash invested measures 22.62% in year one, and rental yield registers 9.4% at a $630,000 basis. Equity gained on principal adds $4,065/yr, and annual property appreciation at 5% supports $174,057 by year five. Five-year ROI tracks 118.58% and total cumulative return in cash totals $245,770. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,933/mo property income relative to a $3,084/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07757, Oceanport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,503 (100%) |
| Owner Occupied HU | 1,997 (79.8%) |
| Renter Occupied HU | 385 (15.4%) |
| Vacant Housing Units | 121 ( 4.8%) |
| Median Home Value | $790,812 |
| Average Home Value | $898,702 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,234
Multi-Family
183
Businesses
183
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Listed by: Peter Corbet Thomas • Keller Williams Realty Premier Properties
Mls Name: MoreMLS
Mls ID: #22536117