908 Railroad DriveLittle 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
Rental property for sale in Little Egg Harbor at 908 Railroad Drive, Little Egg Harbor, NJ, 08087 priced at $419,000 converts $2,870/mo rent into after a $2,051/mo obligation. Total monthly income equals $2,870/mo. Return on cash invested prints 18.9% in year one, and rental yield reads 8.22% against a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation compiles into $115,762 by year five. Five-year ROI reaches 98.67% and total cumulative return in cash sums $137,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,870/mo property income covering a $2,051/mo payment, not borrower’s personal income.
Single Family
Built in 1974
10,018 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: Lewis Peccarelli • VRI Homes
Mls Name: MOMLS
Mls Provider:
Mls ID: #22433689
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.