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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Somers Point at 742 3rd St, Somers Point, NJ, 08244 offers a 5.54% rental yield on a $649,900 purchase with $3,000/mo rent. 9% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,555 over five years. Portfolio math shows five-year ROI at 55.74% and total cumulative return in cash at $119,178. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,250 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08244, Somers Point, NJ area.
| 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 |
Residential
5,396
Single Family
5,395
Multi-Family
1
Businesses
523
Date | Event | Price |
|---|---|---|
| 2024-11-22 | Listed for sale | $649,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Paul Striefsky • Keller Williams Realty Jersey Shore-Ocean City
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #590991
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. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
