Jersey Shore Investment Property – Sea Isle City, 1 Block From Beach
Sale Price: $160,000
This one room condo is only one block from the beach and features a jacuzzi tub and gas fireplace. It is one of 19 properties in the Colonnade Inn, an old Victorian style building in Sea Isle City.
The Numbers
This is one of the few properties at the entire Jersey Shore that will actually break even on a cash flow basis if you make a 20-30% down payment. Here are some figures:
Downpayment: $48,000 (30%)
Loan Amount: $112,000
Loan Interest: 6.00%
Average Monthly Interest 1st three years: $550
Monthly Condo Fees: $230
Other Monthly Fees & taxes: $100
Annual Rental Revenues: $9500
Annual Appreciation: 2% or approximately $3000
Revenue + Appreciation: $12500
Annual Expenses: $10,560
With these numbers you come out ahead by about $1900 per year. Plus you get a prime spot in Sea Isle City only one block from one of the best Jersey Shore beaches around.
Beachfront Condo For Sale Sea Isle City, NJ Ocean Views Bay Views
Beach fronting spectacular in Sea Isle City NJ. This spacious three bedroom condominium has Ocean and Bay views a large living area and 2 full baths. Read more
Beachfront: 3014 Marine Place South – Sea Isle City, NJ
Sale Price: $1,799,000
This four bedroom, 3.5 bath beachfront house has everything you could want in a vacation home. Granite countertops, hardwood floors, central AC, 2 ocean facing decks, 2 master suites and more.
For Sale: 1 Block From Shore, 1 Rm Condo w/ Jacuzzi – Sea Isle City, NJ
Sale Price: $160,000
This one room condo is only one block from the beach and features a jacuzzi tub and gas fireplace. It is one of 19 properties in the Colonnade Inn, an old Victorian style building in Sea Isle City.
