111 S 16th Ave APT 415LongportNJ08403
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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 Longport at 111 S 16th Ave APT 415, Longport, NJ, 08403 earns from $3,526/mo rent with a $4,890/mo payment. Total monthly income totals $3,526/mo. ROI tracks 6.93% on current figures, and rental yield reads 4.24% at a $999,000 purchase. Equity gained on principal adds $6,446/yr, and 5% annual appreciation supports $276,005 over five years. Five-year ROI reaches 34.46% and total cumulative return in cash sums $113,270. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,526/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08403, Longport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,716 (100%) |
| Owner Occupied HU | 436 (25.4%) |
| Renter Occupied HU | 48 ( 2.8%) |
| Vacant Housing Units | 1,232 (71.8%) |
| Median Home Value | $982,394 |
| Average Home Value | $1,192,288 |
Housing Distribution
Address Breakdown
Residential
1,443
Single Family
1,114
Multi-Family
329
Businesses
11
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Listed by: PAULA HARTMAN • BHHS FOX and ROACH-Margate
Mls Name: SJSRMLS
Mls ID: #597434