112 N Argyle AveMargateNJ08402
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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 Margate at 112 N Argyle Ave, Margate, NJ, 08402 earns from $2,216/mo rent with a $4,645/mo payment. Total monthly income totals $2,216/mo. ROI tracks 2.58% on current figures, and rental yield reads 2.8% at a $949,000 purchase. Equity gained on principal adds $6,124/yr, and 5% annual appreciation supports $262,191 over five years. Five-year ROI reaches 11.12% and total cumulative return in cash sums $34,716. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,216/mo property income instead of your personal income.
Single Family
Built in N/A
2,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08402, Margate City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,128 (100%) |
| Owner Occupied HU | 2,137 (30.0%) |
| Renter Occupied HU | 564 ( 7.9%) |
| Vacant Housing Units | 4,427 (62.1%) |
| Median Home Value | $680,658 |
| Average Home Value | $823,466 |
Housing Distribution
Address Breakdown
Residential
6,339
Single Family
5,112
Multi-Family
1,227
Businesses
256
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Listed by: RENE KANE • BHHS FOX and ROACH-Margate
Mls Name: SJSRMLS
Mls ID: #598163