3500 BoardwalkSea 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
Rental property for sale in Sea Isle City at 3500 Boardwalk, Sea Isle City, NJ, 08243 priced at $829,000 pairs $2,976/mo rent with after a $4,058/mo payment. Total monthly income equals $2,976/mo. Return on cash invested is 7.15% in year one, and rental yield stands at 4.31% on a $829,000 basis. Equity gained on principal adds $5,349/yr, and 5% annual appreciation accumulates to $229,037 by year five. Five-year ROI measures 35.65% and total cumulative return in cash reaches $97,240. For financing, Ziffy Mortgage’s DSCR program evaluates $2,976/mo property income against a $4,058/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
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: Jennifer DeNunzio • SEA ISLE REALTY
Mls Name: CMCAOR
Mls ID: #252863