461 Nectar AveGallowayNJ08205
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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 Galloway at 461 Nectar Ave, Galloway, NJ, 08205 priced at $339,900 converts $3,107/mo rent into $684/mo cash flow after a $1,664/mo obligation. Total monthly income equals $3,107/mo, and annual cash flow totals $8,207/yr on $112,677 invested. Return on cash invested prints 27.19% in year one, and rental yield reads 10.97% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 143.12% and total cumulative return in cash sums $161,267. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,107/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in N/A
9,375 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: Carlos Gallego • NEW ERA REAL ESTATE-B
Mls Name: SJSRMLS
Mls ID: #599971