35 Mohave Drive #1216GallowayNJ08205
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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 Galloway at 35 Mohave Drive #1216, Galloway, NJ, 08205 earns from $1,629/mo rent with a $1,126/mo payment. Total monthly income totals $1,629/mo. ROI tracks 19.74% on current figures, and rental yield reads 8.5% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 103.21% and total cumulative return in cash sums $78,691. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,629/mo property income instead of your personal income.
Condo
Built in 1988
871.20 sqft 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: Brittney Fox • C21 Thomson & Co.
Mls Name: MoreMLS
Mls ID: #22601343