113 E Olive StWestvilleNJ08093
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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 Westville at 113 E Olive St, Westville, NJ, 08093 offers a 9.42% rental yield on a $339,900 purchase with $2,669/mo rent. Total monthly income registers $2,669/mo, and a $1,664/mo payment leaves $246/mo available for distribution. Annual cash flow reaches $2,951/yr on $112,677 to close, and return on cash invested stands at 22.53% in year one. Equity gained on principal adds $2,193/yr while 5% annual appreciation supports $93,908 over five years. Portfolio math shows five-year ROI at 118.11% and total cumulative return in cash at $133,079. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,669/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
6,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08093, Westville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,462 (100%) |
| Owner Occupied HU | 2,542 (57.0%) |
| Renter Occupied HU | 1,611 (36.1%) |
| Vacant Housing Units | 309 ( 6.9%) |
| Median Home Value | $246,851 |
| Average Home Value | $322,610 |
Housing Distribution
Address Breakdown
Residential
4,242
Single Family
3,998
Multi-Family
244
Businesses
330
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Listed by: Dave Beach • RE/MAX Community-Williamstown
Mls Name: Bright MLS
Mls ID: #NJGL2067924