853 Clarks Landing RdEgg HarborNJ08215
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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 at 853 Clarks Landing Rd, Egg Harbor, NJ, 08215 priced at $484,900 converts $3,397/mo rent into after a $2,373/mo obligation. Total monthly income equals $3,397/mo. Return on cash invested prints 19.47% in year one, and rental yield reads 8.41% against a $484,900 entry. Equity gained on principal adds $3,129/yr, while 5% annual appreciation compiles into $133,969 by year five. Five-year ROI reaches 101.73% and total cumulative return in cash sums $163,531. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,397/mo property income covering a $2,373/mo payment, not borrower’s personal income.
Single Family
Built in 1980
2 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: George Frick • Century 21 Frick Realtors
Mls Name: Bright MLS
Mls ID: #NJAC2022314