314 London Ct #314Egg Harbor TownshipNJ08234
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 314 London Ct #314, Egg Harbor Township, NJ, 08234 in Egg Harbor Township worth modelling. At $214,900 with a 10.34% gross yield, the $1,852/mo rent leaves $125/mo after the $966/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.92 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $59,373 by year five; $1,979/yr in principal reduction adds further equity. Total projected return: $91,340.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.2% |
| Monthly Cash Flow | $125 | $450 |
City averages based on Egg Harbor Township market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,852 |
| Total Monthly Debt Service | $1,641 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
N/A lot
$N/A/sqft
$195 monthly 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
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
Condo
Built in 1985
N/A lot
$N/A/sqft
$195 monthly 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: Edward (Augie) Augsberger • COASTAL ELITE REALTY
Mls Name: CMCAOR
Mls Provider:
Mls ID: #250708
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