7 Ridgeway LnLittle Egg HarborNJ08087
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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 Little Egg Harbor at 7 Ridgeway Ln, Little Egg Harbor, NJ, 08087 with 5% annual appreciation on a $619,000 basis while $4,952/mo rent supports operations. Total monthly income totals $4,952/mo and a $3,030/mo payment preserves $540/mo for cash returns. Annual cash flow comes to $6,475/yr on $203,651 deployed, and return on cash invested reaches 23.24% in year one. Equity gained on principal adds $3,994/yr, and five-year appreciation sums $171,018 alongside rental yield of 9.6%. Five-year ROI measures 121.91% and total cumulative return in cash totals $248,281.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,952/mo property income versus a $3,030/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08087, Tuckerton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,107 (100%) |
| Owner Occupied HU | 9,039 (64.1%) |
| Renter Occupied HU | 2,220 (15.7%) |
| Vacant Housing Units | 2,848 (20.2%) |
| Median Home Value | $432,411 |
| Average Home Value | $541,979 |
Housing Distribution
Address Breakdown
Residential
12,261
Single Family
12,059
Multi-Family
202
Businesses
546
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Listed by: Jessica DiFrancia • Keller Williams Realty - Atlantic Shore
Mls Name: Bright MLS
Mls ID: #NJOC2037324