76 Meadow Ridge Rd #76AbseconNJ08205
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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 Absecon at 76 Meadow Ridge Rd #76, Absecon, NJ, 08205 with 5% annual appreciation on a $189,000 basis while $2,072/mo rent supports operations. Total monthly income totals $2,072/mo and a $925/mo payment preserves $725/mo for cash returns. Annual cash flow comes to $8,699/yr on $62,654 deployed, and return on cash invested reaches 33.79% in year one. Equity gained on principal adds $1,220/yr, and five-year appreciation sums $52,217 alongside rental yield of 13.16%. Five-year ROI measures 178.54% and total cumulative return in cash totals $111,862.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,072/mo property income versus a $925/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08205, Absecon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,841 (100%) |
| Owner Occupied HU | 8,125 (68.6%) |
| Renter Occupied HU | 3,044 (25.7%) |
| Vacant Housing Units | 672 ( 5.7%) |
| Median Home Value | $328,255 |
| Average Home Value | $395,734 |
Housing Distribution
Address Breakdown
Residential
11,601
Single Family
11,514
Multi-Family
87
Businesses
509
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Listed by: Tracy Riggs • BETTER HOMES and GARDENS REAL ESTATE MATURO REALTY-Mays Landing
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #585058
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.