117 Cora AveWilliamstownNJ08094
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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
Rental property for sale in Williamstown at 117 Cora Ave, Williamstown, NJ, 08094 offers $3,055/mo rent that, after a $1,512/mo payment, leaves $853/mo cash flow. Total monthly income is $3,055/mo, and annual cash flow is $10,235/yr on $102,434 cash. Return on cash invested measures 29.9% in year one, and rental yield stands at 11.86% at a $309,000 entry. Equity gained on principal adds $1,994/yr while 5% annual appreciation compounds into $85,371 by year five. Five-year ROI records 157.65% and total cumulative return in cash reaches $161,489. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,055/mo property income versus a $1,512/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08094, Williamstown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,916 (100%) |
| Owner Occupied HU | 13,113 (77.5%) |
| Renter Occupied HU | 2,989 (17.7%) |
| Vacant Housing Units | 814 ( 4.8%) |
| Median Home Value | $338,345 |
| Average Home Value | $360,444 |
Housing Distribution
Address Breakdown
Residential
16,390
Single Family
15,137
Multi-Family
1,253
Businesses
776
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Listed by: Lester Argus • Coldwell Banker Argus Real Estate
Mls Name: Bright MLS
Mls ID: #NJGL2064538