1007 Matthews AveMays LandingNJ08330
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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 Mays Landing at 1007 Matthews Ave, Mays Landing, NJ, 08330 offers a 11.92% rental yield on a $315,000 purchase with $3,128/mo rent. Total monthly income registers $3,128/mo, and a $1,542/mo payment leaves $883/mo available for distribution. Annual cash flow reaches $10,590/yr on $104,423 to close, and return on cash invested stands at 30.05% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 158.47% and total cumulative return in cash at $165,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,128/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1917
7,735 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08330, Mays Landing, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 8,619 (68.5%) |
| Renter Occupied HU | 3,374 (26.8%) |
| Vacant Housing Units | 593 ( 4.7%) |
| Median Home Value | $310,164 |
| Average Home Value | $340,602 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,375
Multi-Family
72
Businesses
640
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Listed by: Desiree Brewer • eXp Realty - Montclair
Mls Name: SJSRMLS
Mls ID: #603504