198 Exton RdSomers 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 198 Exton Rd, Somers Point, NJ, 08244 offers $2,690/mo rent that, after a $1,498/mo payment, leaves $509/mo cash flow. Total monthly income is $2,690/mo, and annual cash flow is $6,103/yr on $101,439 cash. Return on cash invested measures 25.93% in year one, and rental yield stands at 10.55% at a $305,999 entry. Equity gained on principal adds $1,975/yr while 5% annual appreciation compounds into $84,542 by year five. Five-year ROI records 136.35% and total cumulative return in cash reaches $138,311. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,690/mo property income versus a $1,498/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1987
4,320 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: Will Arabea • BALSLEY/LOSCO
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #591812
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. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.