1062 Hansey Creek RdPt NorrisNJ08349
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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 Pt Norris at 1062 Hansey Creek Rd, Pt Norris, NJ, 08349 uses $106,080 cash to close to unlock $10,420/yr annual cash flow and $868/mo monthly cash flow. Total monthly income runs $3,149/mo, and a $1,566/mo payment keeps the spread at $868/mo. Purchase price stands at $320,000, and rental yield measures 11.81% with $3,149/mo rent. Return on cash invested shows 29.73% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 156.77% and total cumulative return in cash records $166,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,149/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in N/A
8.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08349, Port Norris, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 850 (100%) |
| Owner Occupied HU | 532 (62.6%) |
| Renter Occupied HU | 168 (19.8%) |
| Vacant Housing Units | 150 (17.6%) |
| Median Home Value | $198,148 |
| Average Home Value | $266,570 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
615
Multi-Family
0
Businesses
31
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Listed by: Nichole Koch • CENTURY 21 ALLIANCE wc
Mls Name: CMCAOR
Mls Provider:
Mls ID: #232745
Disclaimer: Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.