111 Lincoln Ave Seaside Heights, New Jersey, 08751-2429
6 bed • 2.5 bath • 12 guests
Est. $2,495/mo
This property is for sale!
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$102,634
Annual Revenue
This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $562/night at 50% occupancy.Projected nightly rate is $1,055/night at 53% occupancy.
Top 48% of comparables
Top 88% of comparables
Seasonality
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$208,061
Avg annual revenue
53%
Avg occupancy rate
$1,055
Avg nightly rate
Any type
House
Apartment
Any min stay
Weekly min
Monthly min
Revenue per year
$45k
$175k
$305k
$450k
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$40,527
Profit
Revenue
$102,634
Operating Expenses
$27,022
Operating Income
$75,611
Mortgage & Taxes
$35,084
Profit (Cash Flow)
$40,527
$134,248
Cash Investment
Down Payment
$104,020
Renos & Furnishing
$14,625
Closing Costs
$15,603
Total
$134,248
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
30.18%
Cap Rate
14.53%
STR Tax Calculator (USA)
Your current annual income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your est deduction will be...
Deductible mortgage interest
$24,684
Deductible property tax
$5,149
Your total deduction
-$12,127
Your adjusted annual income
$150,000 - -$12,127 = $162,127
Taxes on $162,127 (30%)
$48,638
Your old tax bill
$45,000
Your new tax bill
$48,638
Estimated tax savings
-$3,638
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
2,000 sqft
Year built:
1930
Size:
2,047 sqft
Type:
SFR
Parking:
-
Heating:
YES
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 36 Hancock Ave | 3 | 1 | 1,760 | - | 4,000 | 1938 | $660,000 | - |
| 65 Kearney Ave | 2 | 1 | 1,689 | - | 4,000 | 1940 | $900,000 | - |
| 1608 N Bayview Ave # 10 | 4 | 2 | 1,025 | - | 6,000 | 1945 | $700,000 | - |
| 74 O St | 4 | 2 | 1,684 | - | 2,960 | 1940 | $910,000 | 102 |
| 235 Hancock Ave | 5 | 3 | 1,736 | - | 3,001 | 1940 | $999,999 | 39 |
| 55 Blaine Ave | 5 | 2 | 2,009 | - | 4,000 | 1936 | $675,000 | - |
| 227 Bay Ter | 2 | 2 | 944 | - | 1,188 | 1940 | $499,000 | 48 |
| 56 H St | 2 | 2 | 1,125 | - | 5,000 | 1930 | $1,100,000 | 76 |
| 301 N Ocean Ave | 6 | 3 | 3,010 | - | 6,000 | 1915 | $2,000,000 | 514 |
| 39 Carteret Ave | 4 | 2 | 1,220 | - | 2,000 | 1940 | $599,000 | 3 |
Property Details
- MLS Status: Active
- Property Use: Single Family Residence
- Stories: 2
- Lot size: 2,000 sqft
- Building area: 2,047 sqft
- Garage: No
- Heating: Yes
- Pool: No
- Fireplaces: 0
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: R
- Land Use: Residential
- Parcel Number: 27 00010-0000-00011
- Flood Zone: Yes, Zone
Tax Info
- Year Assessed: 2023
- Assessed Value: $187,900
- County Est. Land Value: $115,000
- Assessed Land Value: $115,000
- County Est. Structure Value: $72,900
Market Estimate: -
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 06/19/12 | $110,000 | 0% | Shree Riddhi Siddhi Hospitalit |
| 03/08/12 | $0 | 0% | 111 Lincoln Avenue Trust |
| 11/07/11 | $0 | 0% | Barbara J Weiss |
| 11/24/09 | $0 | 0% | Jules M Lopes |
| 05/06/09 | $0 | 0% | Jules M Lopes |
Ownership
- Name: Shree Riddhi Siddhi Hospitalit
- Owner Occupied: Yes
- Owner Mailing Address: Po Box 37, Seaside Heights, Nj 08751
- Years Owned: 147
- Home Equity: $213,500
- Mortgage Balance Remaining: $230,000
- Financed amount: -
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No