120 85th St #BSea 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
Total monthly income runs $2,170/mo, and a $4,747/mo payment. Purchase price stands at $969,900, and rental yield measures 2.68% with $2,170/mo rent. Return on cash invested shows 2.22% in year one, and 5% annual appreciation builds toward $267,965 over five years. Five-year ROI reaches 9.21% and total cumulative return in cash records $29,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,170/mo property income covering a $4,747/mo payment rather than investor’s personal income.
Condo
Built in 1930
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: James W. Sofroney Jr. • KELLER WILLIAMS REALTY JERSEY SHORE - SIC
Mls Name: CMCAOR
Mls ID: #253013