31 Mullica WayEgg Harbor CityNJ08215
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 City at 31 Mullica Way, Egg Harbor City, NJ, 08215 generates $897/mo in rent and, after a $582/mo payment, leaves $49/mo in cash flow. Total monthly income is $897/mo, and annual cash flow is $591/yr on $39,449 invested. Return on cash invested sits at 21.41% in year one, and rental yield is 9.05% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 112.2% and total cumulative return in cash sums $44,261. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $897/mo property income rather than buyer’s personal income.
Manufactured
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ADA KREBS • BHHS FOX and ROACH-Brigantine
Mls Name: SJSRMLS
Mls ID: #598866