33 Apache Court UNIT 1903AbseconNJ08205
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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 33 Apache Court UNIT 1903, Absecon, NJ, 08205 generates $1,480/mo in rent, after a $1,038/mo payment. Total monthly income is $1,480/mo. Return on cash invested sits at 15.44% in year one, and rental yield is 8.38% on a $212,000 entry. Equity gained on principal adds $1,368/yr, while 5% annual appreciation builds toward $58,572 over five years. Five-year ROI reaches 81.58% and total cumulative return in cash sums $57,331. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,480/mo property income rather than buyer’s personal income.
Condo
Built in 1989
435.60 sqft lot
$N/A/sqft
$230 monthly 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: Tasoula Demergis • Weichert Realtors-Toms River
Mls Name: MOMLS
Mls Provider:
Mls ID: #22434651
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.