611 1st StSomers PointNJ08244
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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 Point at 611 1st St, Somers Point, NJ, 08244 listed at $350,000 pairs $2,677/mo rent with a $1,713/mo payment to leave $182/mo cash flow. Total monthly income runs $2,677/mo, and annual cash flow reaches $2,188/yr on $116,025 cash to close. Return on cash invested measures 21.79% in year one, and rental yield registers 9.18% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 114.21% and total cumulative return in cash totals $132,518. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,677/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
7,497 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: JEFFREY QUINTIN • eXp Realty - Ocean City S382K
Mls Name: SJSRMLS
Mls ID: #597284