112 Colwick DrSomers PointNJ08244
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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 Somers Point at 112 Colwick Dr, Somers Point, NJ, 08244 uses $120,998 cash to close to unlock $16,870/yr annual cash flow and $1,406/mo monthly cash flow. Total monthly income runs $4,007/mo, and a $1,786/mo payment keeps the spread at $1,406/mo. Purchase price stands at $365,000, and rental yield measures 13.17% with $4,007/mo rent. Return on cash invested shows 33.85% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 178.83% and total cumulative return in cash records $216,379. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,007/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in N/A
8,050 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,396
Single Family
5,395
Multi-Family
1
Businesses
523
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Listed by: Margaret Gallagher • BHHS FOX and ROACH-Brigantine
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #588104
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. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.