3400 Landis Ave UNIT 203Sea Isle CityNJ08243
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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 Sea Isle City at 3400 Landis Ave UNIT 203, Sea Isle City, NJ, 08243 earns from $3,516/mo rent with a $4,062/mo payment. Total monthly income totals $3,516/mo. ROI tracks 9.51% on current figures, and rental yield reads 5.08% at a $830,000 purchase. Equity gained on principal adds $5,356/yr, and 5% annual appreciation supports $229,314 over five years. Five-year ROI reaches 48.32% and total cumulative return in cash sums $131,934. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,516/mo property income instead of your personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08243, Sea Isle City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,031 (100%) |
| Owner Occupied HU | 962 (13.7%) |
| Renter Occupied HU | 141 ( 2.0%) |
| Vacant Housing Units | 5,928 (84.3%) |
| Median Home Value | $970,423 |
| Average Home Value | $1,096,913 |
Housing Distribution
Address Breakdown
Residential
2,411
Single Family
2,306
Multi-Family
105
Businesses
237
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Listed by: Ann Marie Cherry • CAPE RESORTS REALTY
Mls Name: CMCAOR
Mls ID: #252768