424 Simpson Ave #424Ocean CityNJ08226
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 424 Simpson Ave #424, Ocean City, NJ, 08226 in Ocean City speaks for itself: 10.42% gross on a $749,900 price, generating $6,512/mo in rent and $1,167/mo in net income after the $3,555/mo debt service. DSCR 1.83, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $14,007 stacks alongside $207,184 in projected five-year appreciation and $6,286/yr in principal reduction. Projected total cumulative return: $348,429.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.2% |
| Monthly Cash Flow | $1,167 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $6,512 |
| Total Monthly Debt Service | $5,230 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08226, Ocean City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,442 (100%) |
| Owner Occupied HU | 4,123 (19.2%) |
| Renter Occupied HU | 1,589 ( 7.4%) |
| Vacant Housing Units | 15,730 (73.4%) |
| Median Home Value | $843,777 |
| Average Home Value | $1,010,518 |
Housing Distribution
Address Breakdown
Residential
11,430
Single Family
10,609
Multi-Family
821
Businesses
871
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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
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Listed by: N/A • N/A
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #611390
