69 Iroquois Dr #15GallowayNJ08205
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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 69 Iroquois Dr #15, Galloway, NJ, 08205 offers a 9.17% rental yield on a $182,500 purchase with $1,395/mo rent. Total monthly income registers $1,395/mo, and a $893/mo payment leaves $94/mo available for distribution. Annual cash flow reaches $1,133/yr on $60,499 to close, and return on cash invested stands at 21.78% in year one. Equity gained on principal adds $1,178/yr while 5% annual appreciation supports $50,421 over five years. Portfolio math shows five-year ROI at 114.17% and total cumulative return in cash at $69,070. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,395/mo property income against a $893/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A 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: SANDY HESSER • COLLINI REAL ESTATE, LLC
Mls Name: SJSRMLS
Mls ID: #598023