1005 Jesse Dr #1005Somers PointNJ08244
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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 Point at 1005 Jesse Dr #1005, Somers Point, NJ, 08244 generates $4,337/mo in rent and, after a $2,839/mo payment, leaves $203/mo in cash flow. Total monthly income is $4,337/mo, and annual cash flow is $2,432/yr on $190,817 invested. Return on cash invested sits at 21.33% in year one, and rental yield is 8.97% on a $579,990 entry. Equity gained on principal adds $3,743/yr, while 5% annual appreciation builds toward $160,241 over five years. Five-year ROI reaches 111.7% and total cumulative return in cash sums $213,149. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,337/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
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: MATTHEW HAVILAND, SRES • KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
Mls Name: SJSRMLS
Mls ID: #602363