108 N 6th AveRio GrandeNJ08242
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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 Rio Grande at 108 N 6th Ave, Rio Grande, NJ, 08242 offers a 6.37% rental yield on a $599,000 purchase with $3,180/mo rent. 42% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 69.29% and total cumulative return in cash at $136,546. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,180/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08242, Rio Grande, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,173 (100%) |
| Owner Occupied HU | 1,384 (63.7%) |
| Renter Occupied HU | 424 (19.5%) |
| Vacant Housing Units | 365 (16.8%) |
| Median Home Value | $398,201 |
| Average Home Value | $620,233 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
1,762
Multi-Family
0
Businesses
308
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Listed by: MaryAnn D. Mason, ABR, GRI, RSPS, MRP, SRS, C2EX • CENTURY 21 ALLIANCE wc
Mls Name: CMCAOR
Mls ID: #260019