718 Bay Ave #20Ocean 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 718 Bay Ave #20, Ocean City, NJ, 08226 offers a 2.81% rental yield on a $1,125,000 purchase with $2,632/mo rent. 64% in year one. Equity gained on principal adds $7,259/yr while 5% annual appreciation supports $310,817 over five years. Portfolio math shows five-year ROI at 11.38% and total cumulative return in cash at $41,480. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,632/mo property income against a $5,506/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1952
4,225 sqft 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: MARK GRIMES • BHHS FOX and ROACH-109 34th OC
Mls Name: SJSRMLS
Mls ID: #601693