104 S Monroe AveMargate CityNJ08402
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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 Margate City at 104 S Monroe Ave, Margate City, NJ, 08402 at $1,495,000 posts ROI 7.33% with from $5,394/mo rent. Total monthly income equals $5,394/mo. Return on cash invested measures 7.33% and rental yield reads 4.33% at the current $1,495,000. Equity gained on principal adds $9,647/yr, and 5% annual appreciation supports $413,041 by year five. Five-year ROI prints 36.58% and total cumulative return in cash totals $177,169. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,394/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08402, Margate City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,128 (100%) |
| Owner Occupied HU | 2,137 (30.0%) |
| Renter Occupied HU | 564 ( 7.9%) |
| Vacant Housing Units | 4,427 (62.1%) |
| Median Home Value | $680,658 |
| Average Home Value | $823,466 |
Housing Distribution
Address Breakdown
Residential
6,339
Single Family
5,112
Multi-Family
1,227
Businesses
256
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Listed by: Jack Zaborowski • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJAC2021352