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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Margate City at 118 N Monroe Ave APT A, Margate City, NJ, 08402 listed at $1,199,999 pairs $4,600/mo rent with a $5,873/mo payment. Total monthly income runs $4,600/mo. Return on cash invested measures 8.17% in year one, and rental yield registers 4.6% at a $1,199,999 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,538 by year five. Five-year ROI tracks 41.05% and total cumulative return in cash totals $159,587. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,600/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08402, Margate City, NJ area.
| 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 |
Residential
6,339
Single Family
5,112
Multi-Family
1,227
Businesses
256
Date | Event | Price |
|---|---|---|
| 2025-01-29 | Listed for sale | $1,199,999 |
| 2022-07-25 | Sold | $999,000 |
| 2022-07-05 | Pending sale | $999,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-19 | $9251.55 | 6.04% | $560,700 | N/A |
| 2022-02-19 | $8724.49 | 0.52% | $560,700 | N/A |
| 2021-02-19 | $8679.64 | 0.39% | $560,700 | N/A |
Listed by: Melissa Renner • Keller Williams Realty Jersey Shore-Ocean City
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #592583
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.
