232 E Colman PlGallowayNJ08205
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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 232 E Colman Pl, Galloway, NJ, 08205 with 5% annual appreciation on a $237,650 basis while $1,675/mo rent supports operations. 62% in year one. Equity gained on principal adds $1,534/yr, and five-year appreciation sums $65,658 alongside rental yield of 8.46%. Five-year ROI measures 102.58% and total cumulative return in cash totals $80,816. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,675/mo property income versus a $1,163/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1992
2,178 sqft 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: Leanne Timko • KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #596587
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.