16 N Monroe Ave #A8MargateNJ08402
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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 Margate at 16 N Monroe Ave #A8, Margate, NJ, 08402 earns $154/mo cash flow from $3,931/mo rent with a $2,594/mo payment. Total monthly income totals $3,931/mo, and annual cash flow totals $1,843/yr on $174,337 capital. ROI tracks 21.12% on current figures, and rental yield reads 8.9% at a $529,900 purchase. Equity gained on principal adds $3,419/yr, and 5% annual appreciation supports $146,402 over five years. Five-year ROI reaches 110.54% and total cumulative return in cash sums $192,707. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,931/mo property income instead of your personal income.
Condo
Built in 1988
N/A 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: MITCHELL ZITOMER • OCF REALTY, LLC
Mls Name: SJSRMLS
Mls ID: #598382