110 W Harmony StPenns GroveNJ08069
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
Rental property for sale in Penns Grove at 110 W Harmony St, Penns Grove, NJ, 08069 priced at $120,000 pairs $963/mo rent with $108/mo cash flow after a $587/mo payment. Total monthly income equals $963/mo, and annual cash flow comes to $1,296/yr on $39,780 invested. Return on cash invested is 23.17% in year one, and rental yield stands at 9.63% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 121.56% and total cumulative return in cash reaches $48,355. For financing, Ziffy Mortgage’s DSCR program evaluates $963/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08069, Penns Grove, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,061 (100%) |
| Owner Occupied HU | 3,079 (50.8%) |
| Renter Occupied HU | 2,317 (38.2%) |
| Vacant Housing Units | 665 (11.0%) |
| Median Home Value | $209,820 |
| Average Home Value | $314,811 |
Housing Distribution
Address Breakdown
Residential
5,212
Single Family
4,783
Multi-Family
429
Businesses
292
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Listed by: Jenny Laxton • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #NJSA2017772