445 E Cape May AvenueOcean GateNJ08740
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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 Ocean Gate at 445 E Cape May Avenue, Ocean Gate, NJ, 08740 priced at $349,900 converts $1,613/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,613/mo. Return on cash invested prints 10.79% in year one, and rental yield reads 5.53% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 55.18% and total cumulative return in cash sums $64,002. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,613/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1985
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08740, Ocean Gate, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 610 (52.6%) |
| Renter Occupied HU | 244 (21.1%) |
| Vacant Housing Units | 305 (26.3%) |
| Median Home Value | $417,460 |
| Average Home Value | $555,467 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
43
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Listed by: John C Walsh • Elite Brokers LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22512915
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.