1600 Atlantic Ave APT 39LongportNJ08403
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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
Rental property for sale in Longport at 1600 Atlantic Ave APT 39, Longport, NJ, 08403 generates $2,167/mo in rent and, after a $1,317/mo payment, leaves $249/mo in cash flow. Total monthly income is $2,167/mo, and annual cash flow is $2,991/yr on $89,174 invested. Return on cash invested sits at 23.26% in year one, and rental yield is 9.67% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 122.11% and total cumulative return in cash sums $108,887. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,167/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08403, Longport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,716 (100%) |
| Owner Occupied HU | 436 (25.4%) |
| Renter Occupied HU | 48 ( 2.8%) |
| Vacant Housing Units | 1,232 (71.8%) |
| Median Home Value | $982,394 |
| Average Home Value | $1,192,288 |
Housing Distribution
Address Breakdown
Residential
1,443
Single Family
1,114
Multi-Family
329
Businesses
11
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Listed by: JAIME KRAVITZ • DILORENZO REALTY GROUP, LLC
Mls Name: SJSRMLS
Mls ID: #600037