508 W New Jersey Ave #JESomers PtNJ08244
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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 Somers Pt at 508 W New Jersey Ave #JE, Somers Pt, NJ, 08244 at $435,000 posts ROI 16.31% with from $2,668/mo rent. Total monthly income equals $2,668/mo. Return on cash invested measures 16.31% and rental yield reads 7.36% at the current $435,000. Equity gained on principal adds $2,807/yr, and 5% annual appreciation supports $120,182 by year five. Five-year ROI prints 84.78% and total cumulative return in cash totals $122,256. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,668/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08244, Somers Point, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,679 (100%) |
| Owner Occupied HU | 2,757 (48.5%) |
| Renter Occupied HU | 2,185 (38.5%) |
| Vacant Housing Units | 737 (13.0%) |
| Median Home Value | $345,666 |
| Average Home Value | $439,854 |
Housing Distribution
Address Breakdown
Residential
5,396
Single Family
5,395
Multi-Family
1
Businesses
523
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Listed by: JOHN BURKE, JR • LONG and FOSTER REAL ESTATE INC-Sea Isle City
Mls Name: Long & Foster Broker Feed
Mls ID: #602338