703 Ravenwood DrGallowayNJ08205
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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 703 Ravenwood Dr, Galloway, NJ, 08205 with 5% annual appreciation on a $369,875 basis while $3,485/mo rent supports operations. Total monthly income totals $3,485/mo and a $1,810/mo payment preserves $849/mo for cash returns. Annual cash flow comes to $10,187/yr on $122,614 deployed, and return on cash invested reaches 28.22% in year one. Equity gained on principal adds $2,387/yr, and five-year appreciation sums $102,190 alongside rental yield of 11.31%. Five-year ROI measures 148.61% and total cumulative return in cash totals $182,222.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,485/mo property income versus a $1,810/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1983
7,840 sqft 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: CHRISTIAN LUCIA • LPT Realty
Mls Name: SJSRMLS
Mls ID: #603584