34 N Boom WayLittle 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 34 N Boom Way, Little Egg Harbor, NJ, 08087 priced at $407,500 converts $3,100/mo rent into $195/mo cash flow after a $1,995/mo obligation. Total monthly income equals $3,100/mo, and annual cash flow totals $2,339/yr on $135,086 invested. Return on cash invested prints 21.64% in year one, and rental yield reads 9.13% against a $407,500 entry. Equity gained on principal adds $2,630/yr, while 5% annual appreciation compiles into $112,585 by year five. Five-year ROI reaches 113.35% and total cumulative return in cash sums $153,115. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,100/mo property income covering a $1,995/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A 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: Michael Eagan • Mezzina Real Estate
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22522747
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.