10120 3rd Ave APT 4Stone HarborNJ08247
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play10120 3rd Ave APT 4, Stone Harbor, NJ, 08247 in Stone Harbor is priced for appreciation, not yield. Rental yield 5.28%. At $424,900 with a 5.28% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $117,392 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.98) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $88,310.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 6.2% |
| Monthly Cash Flow | $(1,320) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,870 |
| Total Monthly Debt Service | $2,860 |
| DSCR Ratio | 0.65x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08247, Stone Harbor, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,351 (100%) |
| Owner Occupied HU | 387 (11.5%) |
| Renter Occupied HU | 60 ( 1.8%) |
| Vacant Housing Units | 2,904 (86.7%) |
| Median Home Value | $1,855,882 |
| Average Home Value | $1,689,276 |
Housing Distribution
Address Breakdown
Residential
1,329
Single Family
1,250
Multi-Family
79
Businesses
216
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08247, Stone Harbor, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,351 (100%) |
| Owner Occupied HU | 387 (11.5%) |
| Renter Occupied HU | 60 ( 1.8%) |
| Vacant Housing Units | 2,904 (86.7%) |
| Median Home Value | $1,855,882 |
| Average Home Value | $1,689,276 |
Housing Distribution
Address Breakdown
Residential
1,329
Single Family
1,250
Multi-Family
79
Businesses
216
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: CMCAOR
Mls ID: #260781