651 Bay 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
Total monthly income runs $3,641/mo, and a $3,670/mo payment. Purchase price stands at $749,900, and rental yield measures 5.83% with $3,641/mo rent. Return on cash invested shows 11.77% in year one, and 5% annual appreciation builds toward $207,184 over five years. Five-year ROI reaches 60.43% and total cumulative return in cash records $149,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,641/mo property income covering a $3,670/mo payment rather than investor’s 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: DONNA ANG • FOX REAL ESTATE-Brighton
Mls Name: SJSRMLS
Mls ID: #603457