3814 Landis Ave #1Sea 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
Total monthly income runs $4,538/mo, and a $5,379/mo payment. Purchase price stands at $1,099,000, and rental yield measures 4.96% with $4,538/mo rent. Return on cash invested shows 9.26% in year one, and 5% annual appreciation builds toward $303,633 over five years. Five-year ROI reaches 46.92% and total cumulative return in cash records $167,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,538/mo property income covering a $5,379/mo payment rather than investor’s personal income.
Condo
Built in 2009
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: Keith L Reidy • SEA ISLE REALTY
Mls Name: CMCAOR
Mls ID: #253047