310 11th StOcean CityNJ08226
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
Total monthly income runs $1,898/mo, and a $3,793/mo payment. Purchase price stands at $775,000, and rental yield measures 2.94% with $1,898/mo rent. Return on cash invested shows 3% in year one, and 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 13.36% and total cumulative return in cash records $34,063. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,898/mo property income covering a $3,793/mo payment rather than investor’s personal income.
Single Family
Built in N/A
980 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KAYLA NOLL • Compass New Jersey-Ocean City (O463E)
Mls Name: SJSRMLS
Mls ID: #602747