22 Mays Landing RdSomers PointNJ08244
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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 Somers Point at 22 Mays Landing Rd, Somers Point, NJ, 08244 priced at $280,000 converts $2,664/mo rent into $669/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,664/mo, and annual cash flow totals $8,024/yr on $92,820 invested. Return on cash invested prints 28.55% in year one, and rental yield reads 11.42% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 150.44% and total cumulative return in cash sums $139,641. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,664/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Townhouse
Built in 1965
3,337 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08244, Somers Point, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,679 (100%) |
| Owner Occupied HU | 2,757 (48.5%) |
| Renter Occupied HU | 2,185 (38.5%) |
| Vacant Housing Units | 737 (13.0%) |
| Median Home Value | $345,666 |
| Average Home Value | $439,854 |
Housing Distribution
Address Breakdown
Residential
5,396
Single Family
5,395
Multi-Family
1
Businesses
523
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Listed by: KAREN OOSTDYK,SFR,REBAC,SRES • PLATINUM REAL ESTATE
Mls Name: SJSRMLS
Mls ID: #601048