640 Simpson Ave #2Ocean CityNJ08226
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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 Ocean City at 640 Simpson Ave #2, Ocean City, NJ, 08226 earns from $2,522/mo rent with a $2,936/mo payment. Total monthly income totals $2,522/mo. ROI tracks 9.4% on current figures, and rental yield reads 5.04% at a $599,900 purchase. Equity gained on principal adds $3,871/yr, and 5% annual appreciation supports $165,741 over five years. Five-year ROI reaches 47.69% and total cumulative return in cash sums $94,132. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,522/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08226, Ocean City, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,430
Single Family
10,609
Multi-Family
821
Businesses
871
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Listed by: Jeffrey Quintin • eXp Realty - Ocean City S382K
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #594455
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.