1 Bayside Dr #1Somers PtNJ08244
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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
Rental property for sale in Somers Pt at 1 Bayside Dr #1, Somers Pt, NJ, 08244 offers $2,884/mo rent that, after a $2,594/mo payment. Total monthly income is $2,884/mo. Return on cash invested measures 13.91% in year one, and rental yield stands at 6.53% at a $530,000 entry. Equity gained on principal adds $3,420/yr while 5% annual appreciation compounds into $146,429 by year five. Five-year ROI records 71.89% and total cumulative return in cash reaches $125,359. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,884/mo property income versus a $2,594/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08244, Somers Point, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,679 (100%) |
| Owner Occupied HU | 2,757 (48.5%) |
| Renter Occupied HU | 2,185 (38.5%) |
| Vacant Housing Units | 737 (13.0%) |
| Median Home Value | $345,666 |
| Average Home Value | $439,854 |
Housing Distribution
Address Breakdown
Residential
5,396
Single Family
5,395
Multi-Family
1
Businesses
523
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Listed by: Alec Wolf • HomeSmart First Advantage Realty - Northfield
Mls Name: SJSRMLS
Mls ID: #602760