209 W 28th StreetShip BottomNJ08008
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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 Ship Bottom at 209 W 28th Street, Ship Bottom, NJ, 08008 listed at $1,275,000 pairs $3,689/mo rent with a $6,240/mo payment. Total monthly income runs $3,689/mo. Return on cash invested measures 4.69% in year one, and rental yield registers 3.47% at a $1,275,000 basis. Equity gained on principal adds $8,227/yr, and annual property appreciation at 5% supports $352,259 by year five. Five-year ROI tracks 22.38% and total cumulative return in cash totals $92,462. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,689/mo property income relative to a $6,240/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08008, Beach Haven, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,536 (100%) |
| Owner Occupied HU | 3,172 (18.1%) |
| Renter Occupied HU | 428 ( 2.4%) |
| Vacant Housing Units | 13,936 (79.5%) |
| Median Home Value | $990,030 |
| Average Home Value | $1,171,197 |
Housing Distribution
Address Breakdown
Residential
4,561
Single Family
4,552
Multi-Family
9
Businesses
605
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Listed by: Mary Obermair • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3983310