52 Pitman Ave, Ocean Grove, NJ 07756

1 bd · 1 ba · 500 sqft · built 1880 · Ocean Grove · CONDOS·source listing ↗

$400,000

$525,000 first listed

seller intel

Price cut

−23.8%

from $525,000

Motivation score

50/100

OnePercent model (vv1)$2,450/mo

p10–p90 confidence band

HUD Fair Market Rent · 07756 · 1BR$1,400/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Monmouth

Flood risk indexVery Low FEMA NRI

Median household income$89,286

Median area rent$1,488/mo

Median home value$790,100

the verdict

0.61%vs 0.8% target

wide confidence band

financing: 20% down · — (FRED, live) · 30yr

$400,000

0.61% · rent $2,450

Intrinsic value · income approach

$683,532

41% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.