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Updated over 5 years ago on . Most recent reply

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12
Posts
4
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Brook L.
  • Jersey City, NJ
4
Votes |
12
Posts

Neptune, NJ SFH- is this a good deal?

Brook L.
  • Jersey City, NJ
Posted

https://www.zillow.com/homedetails/1821-Stratford-Ave-Neptune-NJ-07753/124761626_zpid/

It looks like there was an auto theft in this area about 4 months ago which isn't awesome...

I looked at Chase.com home value estimator and it says this home is worth about $235,000. 

Average rent in this area is $1900 but the current occupant is paying $1800.

I have zero experience in buy and hold, and I live in Jersey City, and know not a whole lot about Neptune, but i do love Asbury Park (which is way out of my price zone).

edit: thinking this is NOT a good investment... thanks for reading though!

Most Popular Reply

User Stats

226
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205
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Jennifer Petrillo
  • Investor
  • Asbury, NJ
205
Votes |
226
Posts
Jennifer Petrillo
  • Investor
  • Asbury, NJ
Replied

Neptune's nickname is "Newark by the Sea"--does that answer your question? Buying west of the tracks, expect sec 8 renters, intergenerational poverty, too many children, joblessness, drug use,  crime, etc etc. Are you looking for buy and hold to rent out, trying to flip or what? What attracted you to this property?

  • Jennifer Petrillo
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