9415 Pacific Ave #43Margate CityNJ08402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Margate City at 9415 Pacific Ave #43, Margate City, NJ, 08402 earns from $1,464/mo rent with a $1,708/mo payment. Total monthly income totals $1,464/mo. ROI tracks 9.29% on current figures, and rental yield reads 5.03% at a $349,000 purchase. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 over five years. Five-year ROI reaches 47.15% and total cumulative return in cash sums $54,552. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,464/mo property income instead of your personal income.
Condo
Built in 1957
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Desimone • Century 21 Advantage Gold-Yardley
Mls Name: Bright MLS
Mls ID: #NJAC2018760