28 E New York 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
Investment property for sale in Somers Point at 28 E New York Ave, Somers Point, NJ, 08244 with 5% annual appreciation on a $629,000 basis while $3,000/mo rent supports operations. 46% in year one. Equity gained on principal adds $4,059/yr, and five-year appreciation sums $173,781 alongside rental yield of 5.72%. Five-year ROI measures 58.74% and total cumulative return in cash totals $121,557. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,000/mo property income versus a $3,079/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
5,500 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
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Listed by: LISA ALPER-RUSSO • PLATINUM REAL ESTATE
Mls Name: SJSRMLS
Mls ID: #601233