840 Ocean Ave UNIT C24Ocean 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 840 Ocean Ave UNIT C24, Ocean City, NJ, 08226 listed at $169,900 pairs $1,355/mo rent with a $832/mo payment to leave $144/mo cash flow. Total monthly income runs $1,355/mo, and annual cash flow reaches $1,723/yr on $56,322 cash to close. Return on cash invested measures 22.97% in year one, and rental yield registers 9.57% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 120.51% and total cumulative return in cash totals $67,874. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,355/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A 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: JESSE BRIGLIA • Fox Real Estate-Ocean
Mls Name: SJSRMLS
Mls ID: #602164