31 Pelican LaneLittle 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
Rental property for sale in Little Egg Harbor at 31 Pelican Lane, Little Egg Harbor, NJ, 08087 priced at $315,000 pairs $2,874/mo rent with $629/mo cash flow after a $1,542/mo payment. Total monthly income equals $2,874/mo, and annual cash flow comes to $7,542/yr on $104,423 invested. Return on cash invested is 27.13% in year one, and rental yield stands at 10.95% on a $315,000 basis. Equity gained on principal adds $2,033/yr, and 5% annual appreciation accumulates to $87,029 by year five. Five-year ROI measures 142.82% and total cumulative return in cash reaches $149,141. For financing, Ziffy Mortgage’s DSCR program evaluates $2,874/mo property income against a $1,542/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
6,098 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: Lori E Militano • C21/ Action Plus Realty
Mls Name: MoreMLS
Mls ID: #22528422