25 W Pierson AveSomers 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 25 W Pierson Ave, Somers Point, NJ, 08244 priced at $649,000 converts $3,041/mo rent into after a $3,177/mo obligation. Total monthly income equals $3,041/mo. Return on cash invested prints 11.15% in year one, and rental yield reads 5.62% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 57.09% and total cumulative return in cash sums $121,896. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,041/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
0.29 Acres 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: Mark Benevento, II • Compass New Jersey-Ocean City (O463E)
Mls Name: SJSRMLS
Mls ID: #602986