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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% |
Rental property for sale in Somers Point at 11 Shore Rd APT 6C, Somers Point, NJ, 08244 generates $2,147/mo in rent and, after a $1,126/mo payment, leaves $507/mo in cash flow. Total monthly income is $2,147/mo, and annual cash flow is $6,088/yr on $76,245 invested. Return on cash invested sits at 27.89% in year one, and rental yield is 11.2% on a $229,999 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,544 over five years. Five-year ROI reaches 146.93% and total cumulative return in cash sums $112,026. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,147/mo property income rather than buyer’s personal income.
Condo
Built in 1972
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 |
|---|---|---|
| 2025-05-28 | Listed for sale | $229,999 |
| 2023-08-11 | Sold | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-29 | $3608.18 | 3.05% | $100,900 | N/A |
| 2023-05-29 | $3501.23 | 5.44% | $100,900 | N/A |
| 2022-05-29 | $3320.62 | 2.08% | $100,900 | N/A |
Listed by: Beth Wristbridge • BHHS FOX and ROACH-Simpson OC
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #596685
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.
