32 Pheasant Meadow Dr #32AbseconNJ08205
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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
Investment property for sale in Absecon at 32 Pheasant Meadow Dr #32, Absecon, NJ, 08205 offers a 10.79% rental yield on a $239,900 purchase with $2,158/mo rent. Total monthly income registers $2,158/mo, and a $1,174/mo payment leaves $448/mo available for distribution. Annual cash flow reaches $5,379/yr on $79,527 to close, and return on cash invested stands at 26.67% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 140.4% and total cumulative return in cash at $111,655. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,158/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08205, Absecon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,841 (100%) |
| Owner Occupied HU | 8,125 (68.6%) |
| Renter Occupied HU | 3,044 (25.7%) |
| Vacant Housing Units | 672 ( 5.7%) |
| Median Home Value | $328,255 |
| Average Home Value | $395,734 |
Housing Distribution
Address Breakdown
Residential
11,601
Single Family
11,514
Multi-Family
87
Businesses
509
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Listed by: Brian Riddell • Corcoran Sawyer Smith
Mls Name: SJSRMLS
Mls ID: #600827