811 Harbour Cv #811Somers PtNJ08244
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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 Pt at 811 Harbour Cv #811, Somers Pt, NJ, 08244 earns $120/mo cash flow from $3,253/mo rent with a $2,151/mo payment. Total monthly income totals $3,253/mo, and annual cash flow totals $1,445/yr on $145,694 capital. ROI tracks 20.9% on current figures, and rental yield reads 8.88% at a $439,500 purchase. Equity gained on principal adds $2,836/yr, and 5% annual appreciation supports $121,426 over five years. Five-year ROI reaches 109.41% and total cumulative return in cash sums $159,405. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,253/mo property income instead of your personal income.
Condo
Built in 1985
N/A 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: ADAM D'ANNUNZIO • Keller Williams Realty Jersey Shore-Ocean City
Mls Name: SJSRMLS
Mls ID: #603792