2407 Atlantic AveLongportNJ08403
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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 Longport at 2407 Atlantic Ave, Longport, NJ, 08403 offers a 14.95% rental yield on a $1,300,000 purchase with $16,200/mo rent. Total monthly income registers $16,200/mo, and a $6,363/mo payment leaves $6,934/mo available for distribution. Annual cash flow reaches $83,204/yr on $421,200 to close, and return on cash invested stands at 40.12% in year one. Equity gained on principal adds $8,389/yr while 5% annual appreciation supports $359,166 over five years. Portfolio math shows five-year ROI at 212.41% and total cumulative return in cash at $894,651. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $16,200/mo property income against a $6,363/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
3,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08403, Longport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,716 (100%) |
| Owner Occupied HU | 436 (25.4%) |
| Renter Occupied HU | 48 ( 2.8%) |
| Vacant Housing Units | 1,232 (71.8%) |
| Median Home Value | $982,394 |
| Average Home Value | $1,192,288 |
Housing Distribution
Address Breakdown
Residential
1,443
Single Family
1,114
Multi-Family
329
Businesses
11
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Listed by: Michael Benezet • REALTY ONE GROUP FOCUS
Mls Name: Bright MLS
Mls ID: #NJAC2020858