215 Limpet Dr #215Ocean 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
Investment property for sale in Ocean City at 215 Limpet Dr #215, Ocean City, NJ, 08226 offers a 4.72% rental yield on a $874,500 purchase with $3,443/mo rent. 42% in year one. Equity gained on principal adds $5,643/yr while 5% annual appreciation supports $241,608 over five years. Portfolio math shows five-year ROI at 42.45% and total cumulative return in cash at $122,134. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,443/mo property income against a $4,280/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
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: MIDGE GRUNSTRA • GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Mls Name: SJSRMLS
Mls ID: #599674