9406 Pacific AveMargate CityNJ08402
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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 $2,094/mo, and a $6,847/mo payment. Purchase price stands at $1,399,000, and rental yield measures 1.8% with $2,094/mo rent. Return on cash invested shows -0.48% in year one, and 5% annual appreciation builds toward $386,518 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,094/mo property income covering a $6,847/mo payment rather than investor’s personal income.
Multi Family
Built in 1949
2,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08402, Margate City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,128 (100%) |
| Owner Occupied HU | 2,137 (30.0%) |
| Renter Occupied HU | 564 ( 7.9%) |
| Vacant Housing Units | 4,427 (62.1%) |
| Median Home Value | $680,658 |
| Average Home Value | $823,466 |
Housing Distribution
Address Breakdown
Residential
6,339
Single Family
5,112
Multi-Family
1,227
Businesses
256
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Listed by: Julie Cicali • REAL
Mls Name: CMCAOR
Mls ID: #253286