7 Nassau RdSomers 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 7 Nassau Rd, Somers Point, NJ, 08244 uses $151,131 cash to close to unlock $4,054/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $3,587/mo, and a $2,231/mo payment keeps the spread at $338/mo. Purchase price stands at $455,900, and rental yield measures 9.44% with $3,587/mo rent. Return on cash invested shows 22.59% in year one, and 5% annual appreciation builds toward $125,957 over five years. Five-year ROI reaches 118.45% and total cumulative return in cash records $179,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,587/mo property income covering a $2,231/mo payment rather than investor’s personal income.
Single Family
Built in 1972
9,583 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: Rosemary Kuperstein • KELLER WILLIAMS ATLANTIC SHORE
Mls Name: CMCAOR
Mls ID: #253326