122 E Mourning Dove WayGallowayNJ08205
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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 Galloway at 122 E Mourning Dove Way, Galloway, NJ, 08205 generates $2,110/mo in rent, after a $1,458/mo payment. Total monthly income is $2,110/mo. Return on cash invested sits at 19.75% in year one, and rental yield is 8.5% on a $297,900 entry. Equity gained on principal adds $1,922/yr, while 5% annual appreciation builds toward $82,304 over five years. Five-year ROI reaches 103.2% and total cumulative return in cash sums $101,917. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,110/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08205, Absecon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,841 (100%) |
| Owner Occupied HU | 8,125 (68.6%) |
| Renter Occupied HU | 3,044 (25.7%) |
| Vacant Housing Units | 672 ( 5.7%) |
| Median Home Value | $328,255 |
| Average Home Value | $395,734 |
Housing Distribution
Address Breakdown
Residential
11,601
Single Family
11,514
Multi-Family
87
Businesses
509
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Listed by: Nativita M Warner • Keller Williams Premier
Mls Name: Bright MLS
Mls ID: #NJAC2020314