118 Ocean RdOcean 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
Investment property for sale in Ocean City at 118 Ocean Rd, Ocean City, NJ, 08226 with 5% annual appreciation on a $1,649,900 basis while $5,498/mo rent supports operations. 31% in year one. Equity gained on principal adds $10,647/yr, and five-year appreciation sums $455,837 alongside rental yield of 4%. Five-year ROI measures 31.1% and total cumulative return in cash totals $166,258. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,498/mo property income versus a $8,075/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
3,190 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: PETER MADDEN • GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Mls Name: SJSRMLS
Mls ID: #602171