36 W Johnson AveSomers PointNJ08244
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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 Somers Point at 36 W Johnson Ave, Somers Point, NJ, 08244 priced at $649,900 pairs $3,229/mo rent with after a $3,181/mo payment. Total monthly income equals $3,229/mo. Return on cash invested is 12.18% in year one, and rental yield stands at 5.96% on a $649,900 basis. Equity gained on principal adds $4,194/yr, and 5% annual appreciation accumulates to $179,555 by year five. Five-year ROI measures 62.62% and total cumulative return in cash reaches $133,902. For financing, Ziffy Mortgage’s DSCR program evaluates $3,229/mo property income against a $3,181/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08244, Somers Point, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,679 (100%) |
| Owner Occupied HU | 2,757 (48.5%) |
| Renter Occupied HU | 2,185 (38.5%) |
| Vacant Housing Units | 737 (13.0%) |
| Median Home Value | $345,666 |
| Average Home Value | $439,854 |
Housing Distribution
Address Breakdown
Residential
5,396
Single Family
5,395
Multi-Family
1
Businesses
523
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Listed by: PATRICK DAVISH • Keller Williams Realty Jersey Shore-Ocean City
Mls Name: SJSRMLS
Mls ID: #603592