111 S 16th Ave APT 504LongportNJ08403
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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 504, Longport, NJ, 08403 earns from $3,686/mo rent with a $5,771/mo payment. Total monthly income totals $3,686/mo. ROI tracks 5.55% on current figures, and rental yield reads 3.75% at a $1,179,000 purchase. Equity gained on principal adds $7,608/yr, and 5% annual appreciation supports $325,736 over five years. Five-year ROI reaches 27% and total cumulative return in cash sums $103,122. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,686/mo property income instead of your personal income.
Condo
Built in 1972
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: ANGEL DIPENTINO • LONG and FOSTER REAL ESTATE INC-Longport
Mls Name: SJSRMLS
Mls ID: #598590