427 N Clermont AveMargateNJ08402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Margate at 427 N Clermont Ave, Margate, NJ, 08402 priced at $1,424,900 pairs $3,010/mo rent with after a $6,974/mo payment. Total monthly income equals $3,010/mo. Return on cash invested is 1.79% in year one, and rental yield stands at 2.53% on a $1,424,900 basis. Equity gained on principal adds $9,195/yr, and 5% annual appreciation accumulates to $393,674 by year five. Five-year ROI measures 6.86% and total cumulative return in cash reaches $31,681. For financing, Ziffy Mortgage’s DSCR program evaluates $3,010/mo property income against a $6,974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
2,866 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08402, Margate City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,128 (100%) |
| Owner Occupied HU | 2,137 (30.0%) |
| Renter Occupied HU | 564 ( 7.9%) |
| Vacant Housing Units | 4,427 (62.1%) |
| Median Home Value | $680,658 |
| Average Home Value | $823,466 |
Housing Distribution
Address Breakdown
Residential
6,339
Single Family
5,112
Multi-Family
1,227
Businesses
256
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Iana Berger • PLATINUM REAL ESTATE
Mls Name: SJSRMLS
Mls ID: #602800