128 38th St WSea Isle CityNJ08243
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 Sea Isle City at 128 38th St W, Sea Isle City, NJ, 08243 generates $4,438/mo in rent, after a $7,341/mo payment. Total monthly income is $4,438/mo. Return on cash invested sits at 4.93% in year one, and rental yield is 3.55% on a $1,499,900 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation builds toward $414,395 over five years. Five-year ROI reaches 23.68% and total cumulative return in cash sums $115,084. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,438/mo property income rather than buyer’s personal income.
Townhouse
Built in 1998
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Giordano • LONG & FOSTER REAL ESTATE, INC sic
Mls Name: Long & Foster Broker Feed
Mls ID: #251972