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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Ocean City at 615 E 16th St #1, Ocean City, NJ, 08226 projects strong ROI of 1.26%. Rental yield 2.36%. With 5% annual appreciation, the property builds $580,191 in value over five years. Equity growth combined delivers a projected five-year ROI of 4.02%, translating into $27,335 in total cumulative return on $680,400 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08226, Ocean City, NJ area.
| 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 |
Residential
11,430
Single Family
10,609
Multi-Family
821
Businesses
871
Date | Event | Price |
|---|---|---|
| 2025-01-29 | Listing removed | $2,100,000 |
| 2024-08-03 | Listed for sale | $2,100,000 |
| 2024-05-02 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Storage
Listed by: Peter Madden • GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #592601
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. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
