31 Walnut StreetLittle 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 Walnut Street, Little Egg Harbor, NJ, 08087 generates $3,139/mo in rent and, after a $1,835/mo payment, leaves $467/mo in cash flow. Total monthly income is $3,139/mo, and annual cash flow is $5,598/yr on $124,309 invested. Return on cash invested sits at 24.41% in year one, and rental yield is 10.05% on a $374,990 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,603 over five years. Five-year ROI reaches 128.23% and total cumulative return in cash sums $159,408. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,139/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.30 Acres 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: Joel Schachner • eRealty Advisors, Inc.
Mls Name: MOMLS
Mls Provider:
Mls ID: #22508689
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.