1016 Harbour Cv #1016Somers 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
Investment property for sale in Somers Point at 1016 Harbour Cv #1016, Somers Point, NJ, 08244 earns from $3,347/mo rent with a $4,302/mo payment. Total monthly income totals $3,347/mo. ROI tracks 7.95% on current figures, and rental yield reads 4.57% at a $879,000 purchase. Equity gained on principal adds $5,672/yr, and 5% annual appreciation supports $242,851 over five years. Five-year ROI reaches 39.92% and total cumulative return in cash sums $115,446. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,347/mo property income instead of your personal income.
Townhouse
Built in N/A
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: THERESA SIVERTSEN • LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St
Mls Name: SJSRMLS
Mls ID: #599954