1305 Ray AveBrigantineNJ08203
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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 $2,597/mo, and a $2,080/mo payment. Purchase price stands at $425,000, and rental yield measures 7.33% with $2,597/mo rent. Return on cash invested shows 16.23% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 84.33% and total cumulative return in cash records $118,805. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,597/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1985
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08203, Brigantine, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,224 (100%) |
| Owner Occupied HU | 2,625 (28.5%) |
| Renter Occupied HU | 1,186 (12.9%) |
| Vacant Housing Units | 5,413 (58.7%) |
| Median Home Value | $513,255 |
| Average Home Value | $601,128 |
Housing Distribution
Address Breakdown
Residential
5,228
Single Family
4,971
Multi-Family
257
Businesses
248
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Listed by: ALAN WEIDNER • WEICHERT REALTORS BRIGANTINE REALTY
Mls Name: SJSRMLS
Mls ID: #597153