848 3rd St #1Ocean 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 848 3rd St #1, Ocean City, NJ, 08226 earns from $4,007/mo rent with a $5,727/mo payment. Total monthly income totals $4,007/mo. ROI tracks 6.65% on current figures, and rental yield reads 4.11% at a $1,170,000 purchase. Equity gained on principal adds $7,550/yr, and 5% annual appreciation supports $323,249 over five years. Five-year ROI reaches 32.92% and total cumulative return in cash sums $124,777. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,007/mo property income instead of your personal income.
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: JOHN WALTON • Keller Williams Realty Jersey Shore-Ocean City
Mls Name: SJSRMLS
Mls ID: #597164