11 Shore Rd APT 7D, Somers Point, NJ, 08244 | $724/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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11 Shore Rd APT 7D, Somers Point, NJ, 08244 | $724/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Somers Point at 11 Shore Rd APT 7D, Somers Point, NJ, 08244 offers $2,077/mo rent that, after a $929/mo payment, leaves $724/mo cash flow. Total monthly income is $2,077/mo, and annual cash flow is $8,687/yr on $62,952 cash. Return on cash invested measures 33.71% in year one, and rental yield stands at 13.12% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 178.07% and total cumulative return in cash reaches $112,097. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,077/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 1972

N/A lot

$N/A/sqft

No HOA

More details about the property

Situated on the beautiful Linwood bike/walk path in Somers Point, Parkshore Plaza, #7D is a corner unit. This 1 bedroom, 1 bath is located with easy access to the Ocean City beaches, shopping and more. Off of the Living room easily access your private patio thru sliding glass doors. A new Hvac system will keep you cool all summer and with all heat included in condo fees, warm in the winter. A dedicated parking space for you and more for guests. The unit has a washer/dryer, dishwasher, new water heater, 4 large closets, a walk-in shelved pantry closet off the kitchen, and a community bike rack. The association is continuing to upgrade the property. Condo fees are $418 per month, which includes heat and water.

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