8 Cardinal DrEgg 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
Rental property for sale in Egg Harbor City at 8 Cardinal Dr, Egg Harbor City, NJ, 08215 priced at $149,000 converts $2,040/mo rent into $978/mo cash flow after a $729/mo obligation. Total monthly income equals $2,040/mo, and annual cash flow totals $11,739/yr on $49,394 invested. Return on cash invested prints 43.67% in year one, and rental yield reads 16.43% against a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation compiles into $41,166 by year five. Five-year ROI reaches 231.59% and total cumulative return in cash sums $114,388. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $729/mo payment, not borrower’s personal income.
Manufactured
Built in 1987
N/A 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: KAREN SALVO, SFR • Century 21 Action Plus Realty - Northfield
Mls Name: SJSRMLS
Mls ID: #597001