407 Martin L King AveEgg Harbor TownshipNJ08234
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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 Egg Harbor Township at 407 Martin L King Ave, Egg Harbor Township, NJ, 08234 generates $1,500/mo in rent and, after a $974/mo payment, leaves $82/mo in cash flow. Total monthly income is $1,500/mo, and annual cash flow is $981/yr on $65,935 invested. Return on cash invested sits at 21.4% in year one, and rental yield is 9.05% on a $198,900 entry. Equity gained on principal adds $1,283/yr, while 5% annual appreciation builds toward $54,952 over five years. Five-year ROI reaches 112.05% and total cumulative return in cash sums $73,883. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1,490 sqft lot
$N/A/sqft
No 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
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Listed by: CATHERINE BELL PRATT • JOSHUA REALTY and DEVELOPERS, LLC
Mls Name: SJSRMLS
Mls ID: #600039