604 Biscayne 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 604 Biscayne Ave, Galloway, NJ, 08205 priced at $285,900 pairs $2,708/mo rent with $670/mo cash flow after a $1,399/mo payment. Total monthly income equals $2,708/mo, and annual cash flow comes to $8,046/yr on $94,776 invested. Return on cash invested is 28.4% in year one, and rental yield stands at 11.37% on a $285,900 basis. Equity gained on principal adds $1,845/yr, and 5% annual appreciation accumulates to $78,989 by year five. Five-year ROI measures 149.61% and total cumulative return in cash reaches $141,793. For financing, Ziffy Mortgage’s DSCR program evaluates $2,708/mo property income against a $1,399/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
0.30 Acres 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: MICHAEL DOLAN • GALLOWAY REAL ESTATE INC
Mls Name: SJSRMLS
Mls ID: #603257