5000 Boardwalk APT 1609Ventnor CityNJ08406
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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 Ventnor City at 5000 Boardwalk APT 1609, Ventnor City, NJ, 08406 generates $3,240/mo in rent and, after a $1,370/mo payment, leaves $1,245/mo in cash flow. Total monthly income is $3,240/mo, and annual cash flow is $14,936/yr on $92,820 invested. Return on cash invested sits at 36% in year one, and rental yield is 13.89% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 190.36% and total cumulative return in cash sums $176,697. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,240/mo property income rather than buyer’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
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Listed by: Joan Siracusa • FARLEY and FERRY REALTY, INC
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #588164
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