303 E Elm AveAbseconNJ08205
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Absecon at 303 E Elm Ave, Absecon, NJ, 08205 priced at $329,900 converts $2,523/mo rent into $171/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,523/mo, and annual cash flow totals $2,055/yr on $109,362 invested. Return on cash invested prints 21.79% in year one, and rental yield reads 9.18% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 114.17% and total cumulative return in cash sums $124,863. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,523/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.52 Acres 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: DANIEL BODDY • CENTURY 21 FRICK REALTORS
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #598884
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.