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.

In addition to being an affordable vacation property for couples, last year this unit did over $9600 in rentals and basically pays for itself. Plus, another great feature is the free daily room service which frees you up to enjoy your Jersey Shore vacation without having to worry about that dreaded last day of clean up.

Amenities of this property:

• Antique Fireplace
• Jacuzzi Tub
• Spacious Bathroom
• Central AC
• Cable TV
• Free Wireless Internet
• Victorian Decore
• Large Wraparound Porch
• Morning Coffee And Pastries Served
• Elegant And Spacious Common Area