386 24th StAvalonNJ08202
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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 Avalon at 386 24th St, Avalon, NJ, 08202 listed at $1,840,000 pairs $4,324/mo rent with a $9,006/mo payment. Total monthly income runs $4,324/mo. Return on cash invested measures 2.67% in year one, and rental yield registers 2.82% at a $1,840,000 basis. Equity gained on principal adds $11,873/yr, and annual property appreciation at 5% supports $508,358 by year five. Five-year ROI tracks 11.58% and total cumulative return in cash totals $69,030. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,324/mo property income relative to a $9,006/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08202, Avalon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,849 (100%) |
| Owner Occupied HU | 625 (10.7%) |
| Renter Occupied HU | 73 ( 1.2%) |
| Vacant Housing Units | 5,151 (88.1%) |
| Median Home Value | $1,636,598 |
| Average Home Value | $1,600,528 |
Housing Distribution
Address Breakdown
Residential
1,827
Single Family
1,813
Multi-Family
14
Businesses
239
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Listed by: Nicholas Sommer • LONG & FOSTER REAL ESTATE, INC av
Mls Name: CMCAOR
Mls ID: #253480