470 Redwood AveGallowayNJ08205
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
Investment Highlights
Rental property for sale in Galloway at 470 Redwood Ave, Galloway, NJ, 08205 priced at $423,500 converts $3,674/mo rent into $655/mo cash flow after a $2,073/mo obligation. Total monthly income equals $3,674/mo, and annual cash flow totals $7,862/yr on $140,390 invested. Return on cash invested prints 25.51% in year one, and rental yield reads 10.41% against a $423,500 entry. Equity gained on principal adds $2,733/yr, while 5% annual appreciation compiles into $117,005 by year five. Five-year ROI reaches 134.13% and total cumulative return in cash sums $188,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,674/mo property income covering a $2,073/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,250 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Madison Maxwell • FARLEY and FERRY REALTY, INC
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #596316
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.