6 Abbey RdSomers PointNJ08244
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
Rental property for sale in Somers Point at 6 Abbey Rd, Somers Point, NJ, 08244 priced at $530,000 pairs $3,875/mo rent with $97/mo cash flow after a $2,594/mo payment. Total monthly income equals $3,875/mo, and annual cash flow comes to $1,168/yr on $174,370 invested. Return on cash invested is 20.73% in year one, and rental yield stands at 8.77% on a $530,000 basis. Equity gained on principal adds $3,420/yr, and 5% annual appreciation accumulates to $146,429 by year five. Five-year ROI measures 108.47% and total cumulative return in cash reaches $189,139. For financing, Ziffy Mortgage’s DSCR program evaluates $3,875/mo property income against a $2,594/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
8,041 sqft 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: Jason Myers • Collini Real Estate, LLC
Mls Name: Bright MLS
Mls ID: #NJAC2022052