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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Ocean View at 20 Corson Tavern Rd, Ocean View, NJ, 08230 with 5% annual appreciation on a $349,000 basis while $2,558/mo rent supports operations. Total monthly income totals $2,558/mo and a $1,708/mo payment preserves $71/mo for cash returns. Annual cash flow comes to $847/yr on $115,694 deployed, and return on cash invested reaches 20.64% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 8.8%. Five-year ROI measures 108.01% and total cumulative return in cash totals $124,956.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,558/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08230, Ocean View, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,885 (100%) |
| Owner Occupied HU | 2,248 (77.9%) |
| Renter Occupied HU | 215 ( 7.5%) |
| Vacant Housing Units | 422 (14.6%) |
| Median Home Value | $504,666 |
| Average Home Value | $569,691 |
Residential
2,441
Single Family
2,441
Multi-Family
0
Businesses
237
Date | Event | Price |
|---|---|---|
| 2024-10-13 | Price change | $349,000 |
| 2024-08-01 | Price change | $359,000 |
| 2024-04-18 | Listed for sale | $399,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-18 | $3630.95 | 0.18% | $166,100 | N/A |
| 2023-02-18 | $3624.31 | 7.22% | $166,100 | N/A |
| 2022-02-18 | $3380.13 | 3.93% | $166,100 | N/A |
Listed by: Stephan Frame • DILLER FISHER REALTORS
Mls Name: CMCAOR
Mls Provider:
Mls ID: #241117
Disclaimer: Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.
