123 N Clermont AveMargateNJ08402
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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 Margate at 123 N Clermont Ave, Margate, NJ, 08402 at $999,999 posts ROI 3.24% with from $2,516/mo rent. Total monthly income equals $2,516/mo. Return on cash invested measures 3.24% and rental yield reads 3.02% at the current $999,999. Equity gained on principal adds $6,453/yr, and 5% annual appreciation supports $276,281 by year five. Five-year ROI prints 14.66% and total cumulative return in cash totals $48,243. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,516/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1988
2,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08402, Margate City, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,339
Single Family
5,112
Multi-Family
1,227
Businesses
256
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Listed by: Donna DeStefano • PA RealtyWorks, LLC
Mls Name: SJSRMLS
Mls ID: #603502