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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Somers Point at 109 E Cedar Ave, Somers Point, NJ, 08244 uses $144,203 cash to close to unlock $8,094/yr annual cash flow and $675/mo monthly cash flow. Total monthly income runs $3,775/mo, and a $2,129/mo payment keeps the spread at $675/mo. Purchase price stands at $435,000, and rental yield measures 10.41% with $3,775/mo rent. Return on cash invested shows 25.52% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 134.18% and total cumulative return in cash records $193,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,775/mo property income covering a $2,129/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08244, Somers Point, NJ area.
| 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 |
Residential
5,396
Single Family
5,395
Multi-Family
1
Businesses
523
Date | Event | Price |
|---|---|---|
| 2025-08-25 | Listed for sale | $435,000 |
| 1988-08-29 | Sold | $65,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-27 | $4731.05 | 3.05% | $132,300 | N/A |
| 2023-08-27 | $4590.81 | 5.44% | $132,300 | N/A |
| 2022-08-27 | $4353.99 | 2.08% | $132,300 | N/A |
Listed by: ANN KARVER • COLLINI REAL ESTATE, LLC
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #599623
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
