507 9th St #BOcean 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
Total monthly income runs $3,815/mo, and a $2,936/mo payment. Purchase price stands at $599,900, and rental yield measures 7.63% with $3,815/mo rent. Return on cash invested shows 17.26% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 89.86% and total cumulative return in cash records $177,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,815/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Condo
Built in 1920
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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Listed by: MARC DRABKOSKI • Re/Max Surfside-Cape May
Mls Name: SJSRMLS
Mls ID: #599855