224 Danbury DriveLittle Egg HarborNJ08087
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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 Little Egg Harbor at 224 Danbury Drive, Little Egg Harbor, NJ, 08087 offers a 10.53% rental yield on a $289,900 purchase with $2,545/mo rent. Total monthly income registers $2,545/mo, and a $1,419/mo payment leaves $479/mo available for distribution. Annual cash flow reaches $5,743/yr on $96,102 to close, and return on cash invested stands at 25.88% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,094 over five years. Portfolio math shows five-year ROI at 136.13% and total cumulative return in cash at $130,821. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,545/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08087, Tuckerton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,107 (100%) |
| Owner Occupied HU | 9,039 (64.1%) |
| Renter Occupied HU | 2,220 (15.7%) |
| Vacant Housing Units | 2,848 (20.2%) |
| Median Home Value | $432,411 |
| Average Home Value | $541,979 |
Housing Distribution
Address Breakdown
Residential
12,261
Single Family
12,059
Multi-Family
202
Businesses
546
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Listed by: Robert Kosinski • RE/MAX Gateway
Mls Name: MoreMLS
Mls ID: #22600111