23 Point DrSomers PointNJ08244
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Somers Point at 23 Point Dr, Somers Point, NJ, 08244 at $774,900 posts ROI 11.4% with from $3,684/mo rent. Total monthly income equals $3,684/mo. Return on cash invested measures 11.4% and rental yield reads 5.7% at the current $774,900. Equity gained on principal adds $5,000/yr, and 5% annual appreciation supports $214,091 by year five. Five-year ROI prints 58.43% and total cumulative return in cash totals $148,967. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,684/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
5,998 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Maxie • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #NJAC2021350