9415 Pacific Ave #19-43Margate 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 $2,402/mo, and a $1,708/mo payment. Purchase price stands at $349,000, and rental yield measures 8.26% with $2,402/mo rent. Return on cash invested shows 19.02% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 99.32% and total cumulative return in cash records $114,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,402/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A 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: Lisa DeSimone • Century 21 Advantage Gold
Mls Name: SJSRMLS
Mls ID: #598624