118 Colwick DrSomers PointNJ08244
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Somers Point at 118 Colwick Dr, Somers Point, NJ, 08244 offers $3,940/mo rent that, after a $2,545/mo payment, leaves $234/mo cash flow. Total monthly income is $3,940/mo, and annual cash flow is $2,807/yr on $171,047 cash. Return on cash invested measures 21.7% in year one, and rental yield stands at 9.09% at a $519,900 entry. Equity gained on principal adds $3,355/yr while 5% annual appreciation compounds into $143,639 by year five. Five-year ROI records 113.65% and total cumulative return in cash reaches $194,404. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,940/mo property income versus a $2,545/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ALLYSON LANG • NEW ERA REAL ESTATE-D
Mls Name: SJSRMLS
Mls ID: #599823