29 28th St E APT 7AvalonNJ08202
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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 Avalon at 29 28th St E APT 7, Avalon, NJ, 08202 generates $1,908/mo in rent, after a $3,572/mo payment. Total monthly income is $1,908/mo. Return on cash invested sits at 3.6% in year one, and rental yield is 3.14% on a $729,777 entry. Equity gained on principal adds $4,709/yr, while 5% annual appreciation builds toward $201,624 over five years. Five-year ROI reaches 16.59% and total cumulative return in cash sums $39,832. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,908/mo property income rather than buyer’s personal income.
Condo
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08202, Avalon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,849 (100%) |
| Owner Occupied HU | 625 (10.7%) |
| Renter Occupied HU | 73 ( 1.2%) |
| Vacant Housing Units | 5,151 (88.1%) |
| Median Home Value | $1,636,598 |
| Average Home Value | $1,600,528 |
Housing Distribution
Address Breakdown
Residential
1,827
Single Family
1,813
Multi-Family
14
Businesses
239
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Listed by: Kari Kurtz • LONG & FOSTER REAL ESTATE, INC av
Mls Name: CMCAOR
Mls ID: #253044