701 W Oak StEgg 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 701 W Oak St, Egg Harbor City, NJ, 08215 uses $129,252 cash to close to unlock $8,403/yr annual cash flow and $700/mo monthly cash flow. Total monthly income runs $3,479/mo, and a $1,908/mo payment keeps the spread at $700/mo. Purchase price stands at $389,900, and rental yield measures 10.71% with $3,479/mo rent. Return on cash invested shows 26.41% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 138.96% and total cumulative return in cash records $179,605. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,479/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in N/A
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: John Swartz • RE/MAX PREFERRED - Sewell
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #588466
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.