116 W Ocean AveSomers 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
Total monthly income runs $3,904/mo, and a $2,932/mo payment. Purchase price stands at $599,000, and rental yield measures 7.82% with $3,904/mo rent. Return on cash invested shows 17.83% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 92.93% and total cumulative return in cash records $183,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,904/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1965
8,500 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: Talia Preissman • Platinum Real Estate
Mls Name: Bright MLS
Mls ID: #NJAC2021954