148 Meadow Ridge Rd #148AbseconNJ08205
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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 Absecon at 148 Meadow Ridge Rd #148, Absecon, NJ, 08205 uses $58,311 cash to close to unlock $1,046/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $1,341/mo, and a $861/mo payment keeps the spread at $87/mo. Purchase price stands at $175,900, and rental yield measures 9.15% with $1,341/mo rent. Return on cash invested shows 21.7% in year one, and 5% annual appreciation builds toward $48,598 over five years. Five-year ROI reaches 113.79% and total cumulative return in cash records $66,349. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,341/mo property income covering a $861/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08205, Absecon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,841 (100%) |
| Owner Occupied HU | 8,125 (68.6%) |
| Renter Occupied HU | 3,044 (25.7%) |
| Vacant Housing Units | 672 ( 5.7%) |
| Median Home Value | $328,255 |
| Average Home Value | $395,734 |
Housing Distribution
Address Breakdown
Residential
11,601
Single Family
11,514
Multi-Family
87
Businesses
509
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Listed by: JACQUELINE ANDREWS • CASA BELLA REALTORS
Mls Name: SJSRMLS
Mls ID: #599050