1038 McGeary PlMays LandingNJ08330
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1038 McGeary Pl, Mays Landing, NJ, 08330 uses $145,827 cash to close to unlock $4,639/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $3,522/mo, and a $2,153/mo payment keeps the spread at $387/mo. Purchase price stands at $439,900, and rental yield measures 9.61% with $3,522/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 121.14% and total cumulative return in cash records $176,655. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,522/mo property income covering a $2,153/mo payment rather than investor’s personal income.
Single Family
Built in 1980
1,508 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: Howard Winters • Keller Williams Realty - Atlantic Shore
Mls Name: Bright MLS
Mls ID: #NJAC2022174