118 Washington AveEgg Harbor CityNJ08215
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 City at 118 Washington Ave, Egg Harbor City, NJ, 08215 at $229,900 posts ROI 30.07% with $645/mo cash flow from $2,359/mo rent. Total monthly income equals $2,359/mo, and annual cash flow records $7,746/yr on $76,212 to close. Return on cash invested measures 30.07% and rental yield reads 12.31% at the current $229,900. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 by year five. Five-year ROI prints 159.03% and total cumulative return in cash totals $121,199.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,359/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08215, Egg Harbor City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,049 (100%) |
| Owner Occupied HU | 3,903 (64.5%) |
| Renter Occupied HU | 1,686 (27.9%) |
| Vacant Housing Units | 460 ( 7.6%) |
| Median Home Value | $365,883 |
| Average Home Value | $450,323 |
Housing Distribution
Address Breakdown
Residential
5,719
Single Family
5,427
Multi-Family
292
Businesses
315
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Listed by: Jacqueline Andrews • CASA BELLA REALTORS
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #588976
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. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.