35 E Canal StAllowayNJ08001
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Alloway rentals match the income profile of 35 E Canal St, Alloway, NJ, 08001. Listed at $285,000, gross rent is $2,712/mo and net cash flow is $681/mo, a 11.42% yield well above national averages. DSCR 2.12 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $78,740 by year five with $2,625/yr in annual principal reduction, projecting $153,023 in total cumulative return.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 6.2% |
| Monthly Cash Flow | $681 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,712 |
| Total Monthly Debt Service | $1,918 |
| DSCR Ratio | 1.41x |
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.
Single Family
Built in N/A
1,592 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08001, Alloway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 345 (100%) |
| Owner Occupied HU | 277 (80.3%) |
| Renter Occupied HU | 43 (12.5%) |
| Vacant Housing Units | 25 ( 7.2%) |
| Median Home Value | $399,153 |
| Average Home Value | $677,753 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
39
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
Single Family
Built in N/A
1,592 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08001, Alloway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 345 (100%) |
| Owner Occupied HU | 277 (80.3%) |
| Renter Occupied HU | 43 (12.5%) |
| Vacant Housing Units | 25 ( 7.2%) |
| Median Home Value | $399,153 |
| Average Home Value | $677,753 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Wiggins • Keller Williams Realty Jersey Shore-Ocean City
Mls Name: SJSRMLS
Mls ID: #599713