1419 W Cleveland Ave, Egg Harbor City, NJ, 08215 | $820/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1419 W Cleveland Ave, Egg Harbor City, NJ, 08215 | $820/mo Cash Flow | Ziffy

For Sale

Listed for sale 2 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Egg Harbor City at 1419 W Cleveland Ave, Egg Harbor City, NJ, 08215 generates $2,862/mo in rent and, after a $1,402/mo payment, leaves $820/mo in cash flow. Total monthly income is $2,862/mo, and annual cash flow is $9,842/yr on $94,975 invested. Return on cash invested sits at 30.27% in year one, and rental yield is 11.99% on a $286,500 entry. Equity gained on principal adds $1,849/yr, while 5% annual appreciation builds toward $79,155 over five years. Five-year ROI reaches 159.68% and total cumulative return in cash sums $151,653. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,862/mo property income rather than buyer’s personal income.

Single Family

Built in 1990

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

A splendid Ranch home, indeed! Remodeled by previous owner in 2019 and has been well cared for since. Three ample sized bdrms. One recently updated bathroom. Granite countertops and stainless-steel appliances, adds a special touch to the Eat-in-kitchen. The Livingroom is a perfect fit for the square ftg. Laundry room has a convenient door to gain access to the backyard. The new Gazebo will stay with the home. Perfect for those who like being outdoors. Above ground pool is well maintained with a large surround decking. This will stay. However, sold strictly "as is". Solar panels are a bonus! Low monthly lease and low electric bills. Well Water! No water bills. The system was updated in 2019. Public Sewer. A most delightful home in an excellent location. This is a road less traveled.

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