1130 Simpson AveOcean CityNJ08226
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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
Rental property for sale in Ocean City at 1130 Simpson Ave, Ocean City, NJ, 08226 priced at $930,000 pairs $1,920/mo rent with after a $4,552/mo payment. Total monthly income equals $1,920/mo. Return on cash invested is 1.59% in year one, and rental yield stands at 2.48% on a $930,000 basis. Equity gained on principal adds $6,001/yr, and 5% annual appreciation accumulates to $256,942 by year five. Five-year ROI measures 5.82% and total cumulative return in cash reaches $17,794. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $4,552/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2004
3,680 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08226, Ocean City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,442 (100%) |
| Owner Occupied HU | 4,123 (19.2%) |
| Renter Occupied HU | 1,589 ( 7.4%) |
| Vacant Housing Units | 15,730 (73.4%) |
| Median Home Value | $843,777 |
| Average Home Value | $1,010,518 |
Housing Distribution
Address Breakdown
Residential
11,430
Single Family
10,609
Multi-Family
821
Businesses
871
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Listed by: N/A • N/A
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