650 Chicago 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
Investment property for sale in Egg Harbor City at 650 Chicago Ave, Egg Harbor City, NJ, 08215 offers a 8.6% rental yield on a $336,000 purchase with $2,408/mo rent. Total monthly income registers $2,408/mo, and a $1,645/mo payment leaves $13/mo available for distribution. Annual cash flow reaches $151/yr on $111,384 to close, and return on cash invested stands at 20.04% in year one. Equity gained on principal adds $2,168/yr while 5% annual appreciation supports $92,831 over five years. Portfolio math shows five-year ROI at 104.81% and total cumulative return in cash at $116,746. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,408/mo property income against a $1,645/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.34 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: STEPHANIE VERDEROSE • EXIT HOMESTEAD REALTY PROFESSIONALS LLC
Mls Name: SJSRMLS
Mls ID: #601717