111 S 16th Ave APT 605LongportNJ08403
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 111 S 16th Ave APT 605, Longport, NJ, 08403 in Longport at $500,000. Rental yield 6.25%. The 6.25% yield and 1.16 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $138,141 by year five, and $4,605/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $129,591.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6.3% | 6.2% |
| Monthly Cash Flow | $(958) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,599 |
| Total Monthly Debt Service | $3,365 |
| DSCR Ratio | 0.77x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JACQUELINE SILVA-STEUER • OCF REALTY, LLC
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #597183
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.