139 Colwick DrSomers PointNJ08244
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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 Somers Point at 139 Colwick Dr, Somers Point, NJ, 08244 offers a 8.89% rental yield on a $429,900 purchase with $3,184/mo rent. Total monthly income registers $3,184/mo, and a $2,104/mo payment leaves $120/mo available for distribution. Annual cash flow reaches $1,439/yr on $142,512 to close, and return on cash invested stands at 20.92% in year one. Equity gained on principal adds $2,774/yr while 5% annual appreciation supports $118,773 over five years. Portfolio math shows five-year ROI at 109.48% and total cumulative return in cash at $156,019. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,184/mo property income against a $2,104/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
8,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08244, Somers Point, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,679 (100%) |
| Owner Occupied HU | 2,757 (48.5%) |
| Renter Occupied HU | 2,185 (38.5%) |
| Vacant Housing Units | 737 (13.0%) |
| Median Home Value | $345,666 |
| Average Home Value | $439,854 |
Housing Distribution
Address Breakdown
Residential
5,396
Single Family
5,395
Multi-Family
1
Businesses
523
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Listed by: MARK GRIMES • BHHS FOX and ROACH-109 34th OC
Mls Name: SJSRMLS
Mls ID: #602200