2700 Atlantic Ave APT 317LongportNJ08403
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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 2700 Atlantic Ave APT 317, Longport, NJ, 08403 uses $453,276 cash to close to unlock $161,143/yr annual cash flow and $13,429/mo monthly cash flow. Total monthly income runs $23,400/mo, and a $6,847/mo payment keeps the spread at $13,429/mo. Purchase price stands at $1,399,000, and rental yield measures 20.07% with $23,400/mo rent. Return on cash invested shows 55.92% in year one, and 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 297.12% and total cumulative return in cash records $1,346,753. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $23,400/mo property income covering a $6,847/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A 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: Maria Bracall • KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #589837
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.