115 Willett Ave #A-7South RiverNJ08882
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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 South River at 115 Willett Ave #A-7, South River, NJ, 08882 offers a 10.22% rental yield on a $325,000 purchase with $2,768/mo rent. Total monthly income registers $2,768/mo, and a $1,591/mo payment leaves $451/mo available for distribution. Annual cash flow reaches $5,414/yr on $107,738 to close, and return on cash invested stands at 24.93% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 131.05% and total cumulative return in cash at $141,193. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,768/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08882, South River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,913 (100%) |
| Owner Occupied HU | 3,666 (62.0%) |
| Renter Occupied HU | 2,002 (33.9%) |
| Vacant Housing Units | 245 ( 4.1%) |
| Median Home Value | $489,055 |
| Average Home Value | $507,833 |
Housing Distribution
Address Breakdown
Residential
5,632
Single Family
5,387
Multi-Family
245
Businesses
451
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Listed by: SLOANE M. WEINSTEIN • WEICHERT CO REALTORS
Mls Name: All Jersey MLS
Mls ID: #2607306R