117 Lexington DriveLittle Egg HarborNJ08087
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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
Rental property for sale in Little Egg Harbor at 117 Lexington Drive, Little Egg Harbor, NJ, 08087 generates $1,467/mo in rent and, after a $1,003/mo payment, leaves $6/mo in cash flow. Total monthly income is $1,467/mo, and annual cash flow is $77/yr on $67,924 invested. Return on cash invested sits at 20.02% in year one, and rental yield is 8.59% on a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 104.69% and total cumulative return in cash sums $71,110. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,467/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08087, Tuckerton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,107 (100%) |
| Owner Occupied HU | 9,039 (64.1%) |
| Renter Occupied HU | 2,220 (15.7%) |
| Vacant Housing Units | 2,848 (20.2%) |
| Median Home Value | $432,411 |
| Average Home Value | $541,979 |
Housing Distribution
Address Breakdown
Residential
12,261
Single Family
12,059
Multi-Family
202
Businesses
546
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Listed by: Alana Lieurance • Berkshire Hathaway HomeServices Fox & Roach - Toms River
Mls Name: MoreMLS
Mls ID: #22535850