430 Melon AveEgg Harbor CityNJ08215
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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 City at 430 Melon Ave, Egg Harbor City, NJ, 08215 priced at $270,000 converts $1,901/mo rent into after a $1,322/mo obligation. Total monthly income equals $1,901/mo. Return on cash invested prints 19.59% in year one, and rental yield reads 8.45% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 102.34% and total cumulative return in cash sums $91,597. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,901/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08215, Egg Harbor City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,049 (100%) |
| Owner Occupied HU | 3,903 (64.5%) |
| Renter Occupied HU | 1,686 (27.9%) |
| Vacant Housing Units | 460 ( 7.6%) |
| Median Home Value | $365,883 |
| Average Home Value | $450,323 |
Housing Distribution
Address Breakdown
Residential
5,719
Single Family
5,427
Multi-Family
292
Businesses
315
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Listed by: JESSICA GONZALEZ • Soleil Sotheby's International Realty - A
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #599586
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