115 35th St APT 1ESea Isle CityNJ08243
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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 Sea Isle City at 115 35th St APT 1E, Sea Isle City, NJ, 08243 generates $3,726/mo in rent, after a $4,381/mo payment. Total monthly income is $3,726/mo. Return on cash invested sits at 9.25% in year one, and rental yield is 5% on a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 46.87% and total cumulative return in cash sums $138,014. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,726/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08243, Sea Isle City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,031 (100%) |
| Owner Occupied HU | 962 (13.7%) |
| Renter Occupied HU | 141 ( 2.0%) |
| Vacant Housing Units | 5,928 (84.3%) |
| Median Home Value | $970,423 |
| Average Home Value | $1,096,913 |
Housing Distribution
Address Breakdown
Residential
2,411
Single Family
2,306
Multi-Family
105
Businesses
237
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Listed by: CHARLES INSALACO • LONG and FOSTER REAL ESTATE INC-Cherry Hill
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #597052
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.