108 Spray AveEgg Harbor TownshipNJ08234
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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
Investment property for sale in Egg Harbor Township at 108 Spray Ave, Egg Harbor Township, NJ, 08234 uses $120,003 cash to close to unlock $4,854/yr annual cash flow and $405/mo monthly cash flow. Total monthly income runs $2,985/mo, and a $1,772/mo payment keeps the spread at $405/mo. Purchase price stands at $362,000, and rental yield measures 9.9% with $2,985/mo rent. Return on cash invested shows 23.95% in year one, and 5% annual appreciation builds toward $100,014 over five years. Five-year ROI reaches 125.78% and total cumulative return in cash records $150,937. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,985/mo property income covering a $1,772/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08234, Egg Harbor Township, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,084 (100%) |
| Owner Occupied HU | 14,397 (79.6%) |
| Renter Occupied HU | 2,917 (16.1%) |
| Vacant Housing Units | 770 ( 4.3%) |
| Median Home Value | $336,203 |
| Average Home Value | $363,992 |
Housing Distribution
Address Breakdown
Residential
17,552
Single Family
17,451
Multi-Family
101
Businesses
904
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Listed by: Kimberly Steinen • REAL-GALLOWAY
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #597468
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.