511 16th StOcean CityNJ08226
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 511 16th St, Ocean City, NJ, 08226 listed at $1,599,000 pairs $2,886/mo rent with a $7,826/mo payment. Total monthly income runs $2,886/mo. Return on cash invested measures 0.66% in year one, and rental yield registers 2.17% at a $1,599,000 basis. Equity gained on principal adds $10,318/yr, and annual property appreciation at 5% supports $441,774 by year five. Five-year ROI tracks 0.76% and total cumulative return in cash totals $3,925. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,886/mo property income relative to a $7,826/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
1,750 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher R Monihan • MONIHAN REALTY, INC
Mls Name: CMCAOR
Mls ID: #253432