846 Central AveOcean 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
Total monthly income runs $3,372/mo, and a $4,894/mo payment. Purchase price stands at $999,900, and rental yield measures 4.05% with $3,372/mo rent. Return on cash invested shows 6.36% in year one, and 5% annual appreciation builds toward $276,254 over five years. Five-year ROI reaches 31.4% and total cumulative return in cash records $103,292. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,372/mo property income covering a $4,894/mo payment rather than investor’s personal income.
Multi Family
Built in 1903
1,512 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: Jeffrey Quintin • eXp Realty - Ocean City S382K
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #595025
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. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.