166 Bala 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
Rental property for sale in Somers Point at 166 Bala Dr, Somers Point, NJ, 08244 priced at $499,900 converts $3,476/mo rent into after a $2,447/mo obligation. Total monthly income equals $3,476/mo. Return on cash invested prints 19.28% in year one, and rental yield reads 8.34% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 100.69% and total cumulative return in cash sums $166,860. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,476/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in N/A
7,500 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: Jeffrey Quintin • eXp Realty - Ocean City S382K
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #591607
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