308-310 E 11th StOcean CityNJ08226
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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 Ocean City at 308-310 E 11th St, Ocean City, NJ, 08226 listed at $1,975,000 pairs $7,380/mo rent with a $9,667/mo payment. Total monthly income runs $7,380/mo. Return on cash invested measures 7.81% in year one, and rental yield registers 4.48% at a $1,975,000 basis. Equity gained on principal adds $12,744/yr, and annual property appreciation at 5% supports $545,656 by year five. Five-year ROI tracks 39.12% and total cumulative return in cash totals $250,350. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,380/mo property income relative to a $9,667/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in N/A
1,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08226, Ocean City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,442 (100%) |
| Owner Occupied HU | 4,123 (19.2%) |
| Renter Occupied HU | 1,589 ( 7.4%) |
| Vacant Housing Units | 15,730 (73.4%) |
| Median Home Value | $843,777 |
| Average Home Value | $1,010,518 |
Housing Distribution
Address Breakdown
Residential
11,430
Single Family
10,609
Multi-Family
821
Businesses
871
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Listed by: KAYLA NOLL • Compass New Jersey-Ocean City (O463E)
Mls Name: SJSRMLS
Mls ID: #602599