4952-54 West AveOcean CityNJ08226
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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 City at 4952-54 West Ave, Ocean City, NJ, 08226 generates $2,377/mo in rent, after a $8,075/mo payment. Total monthly income is $2,377/mo. Return on cash invested sits at -0.69% in year one, and rental yield is 1.73% on a $1,649,900 entry. Equity gained on principal adds $10,647/yr, while 5% annual appreciation builds toward $455,837 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,377/mo property income rather than buyer’s personal income.
Multi Family
Built in 1970
3,000 sqft 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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Listed by: Jeffrey Quintin • Keller Williams Realty Jersey Shore-Ocean City
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #588207
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. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.