507-B 9th StOcean 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
Investment property for sale in Ocean City at 507-B 9th St, Ocean City, NJ, 08226 offers a 4.65% rental yield on a $619,900 purchase with $2,400/mo rent. 18% in year one. Equity gained on principal adds $4,000/yr while 5% annual appreciation supports $171,267 over five years. Portfolio math shows five-year ROI at 41.18% and total cumulative return in cash at $83,984. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $3,034/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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, Crs, Abr • RE/MAX SURFSIDE
Mls Name: CMCAOR
Mls Provider:
Mls ID: #251020
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