18 Cooper 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
Investment property for sale in Somers Point at 18 Cooper Dr, Somers Point, NJ, 08244 offers a 8.27% rental yield on a $430,000 purchase with $2,963/mo rent. 05% in year one. Equity gained on principal adds $2,775/yr while 5% annual appreciation supports $118,801 over five years. Portfolio math shows five-year ROI at 99.46% and total cumulative return in cash at $141,771. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,963/mo property income against a $2,105/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1970
8,850 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: Giuseppe Randazzo • eXp REALTY
Mls Name: CMCAOR
Mls Provider:
Mls ID: #250881
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