222 N Delavan AveMargateNJ08402
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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 Margate at 222 N Delavan Ave, Margate, NJ, 08402 priced at $869,000 pairs $3,824/mo rent with after a $4,253/mo payment. Total monthly income equals $3,824/mo. Return on cash invested is 10.11% in year one, and rental yield stands at 5.28% on a $869,000 basis. Equity gained on principal adds $5,608/yr, and 5% annual appreciation accumulates to $240,089 by year five. Five-year ROI measures 51.53% and total cumulative return in cash reaches $147,323. For financing, Ziffy Mortgage’s DSCR program evaluates $3,824/mo property income against a $4,253/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
2,480 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08402, Margate City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,128 (100%) |
| Owner Occupied HU | 2,137 (30.0%) |
| Renter Occupied HU | 564 ( 7.9%) |
| Vacant Housing Units | 4,427 (62.1%) |
| Median Home Value | $680,658 |
| Average Home Value | $823,466 |
Housing Distribution
Address Breakdown
Residential
6,339
Single Family
5,112
Multi-Family
1,227
Businesses
256
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Listed by: MARK ARBEIT • NEW ERA REAL ESTATE-B
Mls Name: SJSRMLS
Mls ID: #601105