612 E Cape May AvenueOcean GateNJ08740
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 Gate at 612 E Cape May Avenue, Ocean Gate, NJ, 08740 with 5% annual appreciation on a $411,000 basis while $2,699/mo rent supports operations. 88% in year one. Equity gained on principal adds $2,652/yr, and five-year appreciation sums $113,552 alongside rental yield of 7.88%. Five-year ROI measures 93.19% and total cumulative return in cash totals $126,961. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,699/mo property income versus a $2,012/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08740, Ocean Gate, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 610 (52.6%) |
| Renter Occupied HU | 244 (21.1%) |
| Vacant Housing Units | 305 (26.3%) |
| Median Home Value | $417,460 |
| Average Home Value | $555,467 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dominick Leone • Realty One Group Emerge
Mls Name: MOMLS
Mls Provider:
Mls ID: #22509113
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.