308 Pine StAbseconNJ08201
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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 Absecon at 308 Pine St, Absecon, NJ, 08201 priced at $275,000 converts $3,043/mo rent into $1,083/mo cash flow after a $1,346/mo obligation. Total monthly income equals $3,043/mo, and annual cash flow totals $12,994/yr on $91,163 invested. Return on cash invested prints 34.16% in year one, and rental yield reads 13.28% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 180.52% and total cumulative return in cash sums $164,567. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,043/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.40 Acres lot
$N/A/sqft
No HOA
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Listed by: Alexa Preziosi • Keller Williams Realty Jersey Shore-Ocean City
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #589783
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