229 Heather Croft #229Egg 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
Investment property for sale in Egg Harbor Township at 229 Heather Croft #229, Egg Harbor Township, NJ, 08234 uses $65,969 cash to close to unlock $13,267/yr annual cash flow and $1,106/mo monthly cash flow. Total monthly income runs $2,524/mo, and a $974/mo payment keeps the spread at $1,106/mo. Purchase price stands at $199,000, and rental yield measures 15.22% with $2,524/mo rent. Return on cash invested shows 40.02% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 211.93% and total cumulative return in cash records $139,806. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,524/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A 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: Brenda Anthony • BETTER HOMES and GARDENS REAL ESTATE MATURO REALTY-Mays Landing
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #590969
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