3 Steamboat Ct #3AbseconNJ08205
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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 Absecon at 3 Steamboat Ct #3, Absecon, NJ, 08205 offers a 12.71% rental yield on a $221,000 purchase with $2,340/mo rent. Total monthly income registers $2,340/mo, and a $1,082/mo payment leaves $764/mo available for distribution. Annual cash flow reaches $9,173/yr on $73,262 to close, and return on cash invested stands at 32.43% in year one. Equity gained on principal adds $1,426/yr while 5% annual appreciation supports $61,058 over five years. Portfolio math shows five-year ROI at 171.25% and total cumulative return in cash at $125,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,340/mo property income against a $1,082/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08205, Absecon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,841 (100%) |
| Owner Occupied HU | 8,125 (68.6%) |
| Renter Occupied HU | 3,044 (25.7%) |
| Vacant Housing Units | 672 ( 5.7%) |
| Median Home Value | $328,255 |
| Average Home Value | $395,734 |
Housing Distribution
Address Breakdown
Residential
11,601
Single Family
11,514
Multi-Family
87
Businesses
509
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Listed by: ROSEMARY KELLY • CENTURY 21 FRICK REALTORS
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #598117
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. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.