I wouldnt move there If I were you, I lived there for 8 yrs & just moved last year. The place is a dump, alot of undesirables & alot of section 8. The school system is HORRENDOUS, do your homewrork especially if you have kids. Research the schools in the town & trust me youll think twice, everything you hear & read about Keansburg online is completely true. People & RE agents will NEVER be honest about Keansburg cause they wanna make their commission, or cause they live there & are in complete denial about their town. Trust me I am blatantly honest & dont care who likes it, I have 4 kids & was there 8 yrs.................its a sh*thole!!! Horrible schools, alot of drugs, people with mental issues & alot of individuals fresh outta jail. Do yourself a favor & look elsewhere................. more
Most lender's will take 75% of the gross rents and count that towards your income. If you do not have a history of being a Landlord and receiving rental income then Lenders may use market rent supported by form 1007 or Form 1025 which needs to be done by an appraiser. If there is a lease on the property that is being transferred to the borrower, the lender must verify that it does not contain any provisions that could affect Fannie Mae's first lien position on the property.
I hope this helps.
All the best,
Fritz Walter... more
The best way to find out the accurate age of the property is to call the tax office in Keansburg and ask them. they will have the records of the year it was built, square footage and lot size as well... more
Renting may have it's advantages... when can you live across from the beach with ocean views from your bedroom while only paying $1,250 a month??!! In Keansburg, NJ, there is a great new rental townhome
Stop paying someone else's mortage and make the move to own your own place on the beach. Grab your $8,000 tax credit - it will be like getting your first 8 months free. This is a spacious one bedroom
Years ago Keansburg was the place to vacation. People would, rent or buy bugalows for their summer getaways from the city. It is a bayshore community, people live there year round now. There are marinas, the boardwalk, free beaches and you are within 20 minutes of the ocean. If you find something bayside, you do have some of the best views of NYC across the bay...I guess it also depends on where you are coming from. People in the bayshore area tend to go a little further south for their summer vacations. Good Luck!
Your questions, comments and concerns are always welcome.
Joy DeLucia... more
Between May and June of 09, 4 units were available to rent and 4 units were rented $1300. to $1380. per mo. They were on 47 to 62 days.
Do the math...if you are taking in more on the unit than you are putting out with a nice cushion (25%) and take into account vacancy rate. It pays for itself and you have something sell down the road. Keep in mind, you want reliable paying tenents. Make sure you get the credit reports, check the references and be particular.
Good luck...your questions, comments and concerns are always welcome..best regards...Joy... more
Below is a link to a list of homes in Keansburg that were listed in the Monmouth MLS and have sold since 2/09. I hope this information is helpful. You may contact me if you have any additional questions and I will be happy to help you.