15 N Vendome 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
Total monthly income runs $4,981/mo, and a $8,560/mo payment. Purchase price stands at $1,749,000, and rental yield measures 3.42% with $4,981/mo rent. Return on cash invested shows 4.52% in year one, and 5% annual appreciation builds toward $483,216 over five years. Five-year ROI reaches 21.47% and total cumulative return in cash records $121,687. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,981/mo property income covering a $8,560/mo payment rather than investor’s personal income.
Single Family
Built in 2023
3,480 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: John Kotakis • FOX REAL ESTATE-Brighton
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #595266
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.