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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Penns Grove at 1 Dixie Dr, Penns Grove, NJ, 08069 offers $2,737/mo rent that, after a $1,149/mo payment, leaves $1,064/mo cash flow. Total monthly income is $2,737/mo, and annual cash flow is $12,763/yr on $77,836 cash. Return on cash invested measures 36.31% in year one, and rental yield stands at 13.99% at a $234,800 entry. Equity gained on principal adds $1,515/yr while 5% annual appreciation compounds into $64,871 by year five. Five-year ROI records 192.04% and total cumulative return in cash reaches $149,474. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,737/mo property income versus a $1,149/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08069, Penns Grove, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,061 (100%) |
| Owner Occupied HU | 3,079 (50.8%) |
| Renter Occupied HU | 2,317 (38.2%) |
| Vacant Housing Units | 665 (11.0%) |
| Median Home Value | $209,820 |
| Average Home Value | $314,811 |
Residential
5,212
Single Family
4,783
Multi-Family
429
Businesses
292
Date | Event | Price |
|---|---|---|
| 2025-06-06 | Listing removed | $240,000 |
| 2025-05-29 | Price change | $240,000 |
| 2025-05-08 | Listed for sale | $265,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $4331.43 | 3.47% | $78,100 | N/A |
| 2023-10-17 | $4186.16 | 8.41% | $78,100 | N/A |
| 2022-10-17 | $3861.26 | -1.30% | $78,100 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
