68 Defeo LnSomers PointNJ08244
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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 Somers Point at 68 Defeo Ln, Somers Point, NJ, 08244 earns from $3,984/mo rent with a $2,814/mo payment. Total monthly income totals $3,984/mo. ROI tracks 19.34% on current figures, and rental yield reads 8.31% at a $575,000 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 over five years. Five-year ROI reaches 100.97% and total cumulative return in cash sums $191,015. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,984/mo property income instead of your personal income.
Single Family
Built in 1984
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08244, Somers Point, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,679 (100%) |
| Owner Occupied HU | 2,757 (48.5%) |
| Renter Occupied HU | 2,185 (38.5%) |
| Vacant Housing Units | 737 (13.0%) |
| Median Home Value | $345,666 |
| Average Home Value | $439,854 |
Housing Distribution
Address Breakdown
Residential
5,396
Single Family
5,395
Multi-Family
1
Businesses
523
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Listed by: Jacqueline Kilkenny • BHHS FOX and ROACH-West Ave OC
Mls Name: SJSRMLS
Mls ID: #602722