311 Folsom AvenueEgg Harbor TownshipNJ08234
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 Township at 311 Folsom Avenue, Egg Harbor Township, NJ, 08234 generates $3,185/mo in rent and, after a $1,738/mo payment, leaves $654/mo in cash flow. Total monthly income is $3,185/mo, and annual cash flow is $7,850/yr on $117,683 invested. Return on cash invested sits at 26.58% in year one, and rental yield is 10.77% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 139.87% and total cumulative return in cash sums $164,604. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,185/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08234, Egg Harbor Township, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,084 (100%) |
| Owner Occupied HU | 14,397 (79.6%) |
| Renter Occupied HU | 2,917 (16.1%) |
| Vacant Housing Units | 770 ( 4.3%) |
| Median Home Value | $336,203 |
| Average Home Value | $363,992 |
Housing Distribution
Address Breakdown
Residential
17,552
Single Family
17,451
Multi-Family
101
Businesses
904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin Ure • Keller Williams Shore Properties
Mls Name: MOMLS
Mls Provider:
Mls ID: #22424898
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.