150 Driftwood Ct #283GallowayNJ08205
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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 Galloway at 150 Driftwood Ct #283, Galloway, NJ, 08205 uses $57,979 cash to close to unlock $1,829/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $1,399/mo, and a $856/mo payment keeps the spread at $152/mo. Purchase price stands at $174,900, and rental yield measures 9.6% with $1,399/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 121.04% and total cumulative return in cash records $70,176. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,399/mo property income covering a $856/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A 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: Patricia Gesswein • Houwzer, Inc
Mls Name: SJSRMLS
Mls ID: #603941