249 Buffalo AveEgg HarborNJ08215
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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 at 249 Buffalo Ave, Egg Harbor, NJ, 08215 with 5% annual appreciation on a $315,000 basis while $2,788/mo rent supports operations. Total monthly income totals $2,788/mo and a $1,542/mo payment preserves $543/mo for cash returns. Annual cash flow comes to $6,510/yr on $104,423 deployed, and return on cash invested reaches 26.14% in year one. Equity gained on principal adds $2,033/yr, and five-year appreciation sums $87,029 alongside rental yield of 10.62%. Five-year ROI measures 137.53% and total cumulative return in cash totals $143,609.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,788/mo property income versus a $1,542/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08215, Egg Harbor City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,049 (100%) |
| Owner Occupied HU | 3,903 (64.5%) |
| Renter Occupied HU | 1,686 (27.9%) |
| Vacant Housing Units | 460 ( 7.6%) |
| Median Home Value | $365,883 |
| Average Home Value | $450,323 |
Housing Distribution
Address Breakdown
Residential
5,719
Single Family
5,427
Multi-Family
292
Businesses
315
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Listed by: Michael Sutley • Keller Williams Realty Jersey Shore-Ocean City
Mls Name: SJSRMLS
Mls ID: #604403