614 N Delavan AveMargateNJ08402
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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
Rental property for sale in Margate at 614 N Delavan Ave, Margate, NJ, 08402 priced at $879,000 converts $3,202/mo rent into after a $4,302/mo obligation. Total monthly income equals $3,202/mo. Return on cash invested prints 7.35% in year one, and rental yield reads 4.37% against a $879,000 entry. Equity gained on principal adds $5,672/yr, while 5% annual appreciation compiles into $242,851 by year five. Five-year ROI reaches 36.69% and total cumulative return in cash sums $106,110. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,202/mo property income covering a $4,302/mo payment, not borrower’s personal income.
Single Family
Built in 1964
4,020 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08402, Margate City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,128 (100%) |
| Owner Occupied HU | 2,137 (30.0%) |
| Renter Occupied HU | 564 ( 7.9%) |
| Vacant Housing Units | 4,427 (62.1%) |
| Median Home Value | $680,658 |
| Average Home Value | $823,466 |
Housing Distribution
Address Breakdown
Residential
6,339
Single Family
5,112
Multi-Family
1,227
Businesses
256
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Listed by: MICHELE ZELIG • PLATINUM REAL ESTATE
Mls Name: SJSRMLS
Mls ID: #597165