202 Simpson Ave #BOcean CityNJ08226
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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 Ocean City at 202 Simpson Ave #B, Ocean City, NJ, 08226 offers $2,810/mo rent that, after a $3,793/mo payment. Total monthly income is $2,810/mo. Return on cash invested measures 7.29% in year one, and rental yield stands at 4.35% at a $774,900 entry. Equity gained on principal adds $5,000/yr while 5% annual appreciation compounds into $214,091 by year five. Five-year ROI records 36.37% and total cumulative return in cash reaches $92,723. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,810/mo property income versus a $3,793/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08226, Ocean City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,442 (100%) |
| Owner Occupied HU | 4,123 (19.2%) |
| Renter Occupied HU | 1,589 ( 7.4%) |
| Vacant Housing Units | 15,730 (73.4%) |
| Median Home Value | $843,777 |
| Average Home Value | $1,010,518 |
Housing Distribution
Address Breakdown
Residential
11,430
Single Family
10,609
Multi-Family
821
Businesses
871
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Listed by: PAUL RIXON • RIXON REALTY-S151
Mls Name: SJSRMLS
Mls ID: #603380