108 School LnRio 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 School Ln, Rio Grande, NJ, 08242 earns $388/mo cash flow from $3,382/mo rent with a $2,056/mo payment. Total monthly income totals $3,382/mo, and annual cash flow totals $4,656/yr on $139,230 capital. ROI tracks 23.25% on current figures, and rental yield reads 9.66% at a $420,000 purchase. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,038 over five years. Five-year ROI reaches 122% and total cumulative return in cash sums $169,855. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,382/mo property income instead of your personal income.
Single Family
Built in 1955
0.43 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: Jacqueline Andrews • Casa Bella REALTORS
Mls Name: CMCAOR
Mls Provider:
Mls ID: #243194
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.