477 Damson 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
Investment property for sale in Galloway at 477 Damson Ave, Galloway, NJ, 08205 uses $145,031 cash to close to unlock $6,359/yr annual cash flow and $530/mo monthly cash flow. Total monthly income runs $3,648/mo, and a $2,141/mo payment keeps the spread at $530/mo. Purchase price stands at $437,500, and rental yield measures 10.01% with $3,648/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $120,873 over five years. Five-year ROI reaches 127.58% and total cumulative return in cash records $185,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,648/mo property income covering a $2,141/mo payment rather than investor’s personal income.
Single Family
Built in 2000
7,405 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: Michele Jackson • Platinum Real Estate
Mls Name: Bright MLS
Mls ID: #NJAC2021924