124 Gravesmith DrEgg 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
Rental property for sale in Egg Harbor Township at 124 Gravesmith Dr, Egg Harbor Township, NJ, 08234 priced at $315,000 converts $3,125/mo rent into $880/mo cash flow after a $1,542/mo obligation. Total monthly income equals $3,125/mo, and annual cash flow totals $10,554/yr on $104,423 invested. Return on cash invested prints 30.02% in year one, and rental yield reads 11.9% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 158.29% and total cumulative return in cash sums $165,293. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,125/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.33 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: Tatiana Beras • BALSLEY/LOSCO
Mls Name: SJSRMLS
Mls ID: #599024