242 W 14th StShip BottomNJ08008
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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 Ship Bottom at 242 W 14th St, Ship Bottom, NJ, 08008 earns from $4,450/mo rent with a $5,873/mo payment. Total monthly income totals $4,450/mo. ROI tracks 7.71% on current figures, and rental yield reads 4.45% at a $1,199,900 purchase. Equity gained on principal adds $7,743/yr, and 5% annual appreciation supports $331,510 over five years. Five-year ROI reaches 38.57% and total cumulative return in cash sums $149,956. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,450/mo property income instead of your personal income.
Single Family
Built in 1969
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08008, Beach Haven, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,536 (100%) |
| Owner Occupied HU | 3,172 (18.1%) |
| Renter Occupied HU | 428 ( 2.4%) |
| Vacant Housing Units | 13,936 (79.5%) |
| Median Home Value | $990,030 |
| Average Home Value | $1,171,197 |
Housing Distribution
Address Breakdown
Residential
4,561
Single Family
4,552
Multi-Family
9
Businesses
605
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Listed by: Mary Lu Gaylor • Mary Allen Realty, Inc.
Mls Name: Bright MLS
Mls ID: #NJOC2033698