Investor's Alert - This is a DISCOUNTED Package Deal. Four Units being sold (#7, #12, #23, #27) - all at once at the discounted price of $80,000 each. (Average Sale Price Units These Sizes = $100,000 to $110,000). Gross Rents Collected 2019 = $48,804.14. Net Rents (no mortgages on units) = $25,863.60 after all expenses including Rental Program Expenses. Net "cash on cash" ROI at $320,000 purchase price = 8.07%. Building has on-site required rental program, heated pool, fantastic 9th & Ocean Avenue location. Units for sale individually (#7, #12, #27) at $115,000. UPDATE: Gross Rents Collected 2020 Summer (COVID-19 Summer - opened 6/1/20 and closed 9/30/20 + Winter 20-21 Rental) = $37,285.86. Net Rents 2020 = $16,210.49 (after all expenses including rental program). See Associated Docs for more info.
Based on the average sale price from the Villas, NJ office
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Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
840 Ocean Ave Ocean City, NJ is a Single Family Home for sale at $320000 and a lot size of Acre(s). 840 Ocean Ave Ocean City has 1 bedrooms, 1 baths . The property's zip code is 08226 which is in Ocean City, NJ
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Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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