1186 Galley AveManahawkinNJ08050
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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 Manahawkin at 1186 Galley Ave, Manahawkin, NJ, 08050 offers a 6.66% rental yield on a $627,900 purchase with $3,485/mo rent. 31% in year one. Equity gained on principal adds $4,052/yr while 5% annual appreciation supports $173,477 over five years. Portfolio math shows five-year ROI at 74.01% and total cumulative return in cash at $152,891. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,485/mo property income against a $3,073/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08050, Manahawkin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,960 (100%) |
| Owner Occupied HU | 10,027 (67.0%) |
| Renter Occupied HU | 1,553 (10.4%) |
| Vacant Housing Units | 3,380 (22.6%) |
| Median Home Value | $457,496 |
| Average Home Value | $521,139 |
Housing Distribution
Address Breakdown
Residential
12,224
Single Family
11,848
Multi-Family
376
Businesses
767
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Listed by: joshua Weingarten • JHW Realty LLC
Mls Name: Bright MLS
Mls ID: #NJOC2038360