219 Mitchell 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 219 Mitchell Dr, Egg Harbor Township, NJ, 08234 offers $2,844/mo rent that, after a $1,713/mo payment, leaves $350/mo cash flow. Total monthly income is $2,844/mo, and annual cash flow is $4,195/yr on $115,992 cash. Return on cash invested measures 23.53% in year one, and rental yield stands at 9.75% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 123.49% and total cumulative return in cash reaches $143,238. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,844/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.39 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: EMILY MARCHESE • MARCHESE REAL ESTATE, LLC
Mls Name: SJSRMLS
Mls ID: #602583