1321 W North StEgg Harbor CityNJ08215
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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 Egg Harbor City at 1321 W North St, Egg Harbor City, NJ, 08215 uses $89,505 cash to close to unlock $1,380/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,322/mo payment keeps the spread at $115/mo. Purchase price stands at $270,000, and rental yield measures 9.07% with $2,040/mo rent. Return on cash invested shows 21.45% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 112.33% and total cumulative return in cash records $100,537. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.26 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: Amanda Harrell • Pro Agent Realty LLC
Mls Name: Bright MLS
Mls ID: #NJAC2020632