217 3rd St S #BBrigantineNJ08203
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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 Brigantine at 217 3rd St S #B, Brigantine, NJ, 08203 earns $970/mo cash flow from $2,910/mo rent with a $1,332/mo payment. Total monthly income totals $2,910/mo, and annual cash flow totals $11,641/yr on $90,234 capital. ROI tracks 32.81% on current figures, and rental yield reads 12.83% at a $272,200 purchase. Equity gained on principal adds $1,756/yr, and 5% annual appreciation supports $75,204 over five years. Five-year ROI reaches 173.29% and total cumulative return in cash sums $156,368. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,910/mo property income instead of your personal income.
Condo
Built in 1988
1,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08203, Brigantine, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,224 (100%) |
| Owner Occupied HU | 2,625 (28.5%) |
| Renter Occupied HU | 1,186 (12.9%) |
| Vacant Housing Units | 5,413 (58.7%) |
| Median Home Value | $513,255 |
| Average Home Value | $601,128 |
Housing Distribution
Address Breakdown
Residential
5,228
Single Family
4,971
Multi-Family
257
Businesses
248
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Listed by: N/A • N/A
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