124 Penn StPenns GroveNJ08069
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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 Penns Grove at 124 Penn St, Penns Grove, NJ, 08069 with 5% annual appreciation on a $175,200 basis while $2,558/mo rent supports operations. Total monthly income totals $2,558/mo and a $858/mo payment preserves $1,246/mo for cash returns. Annual cash flow comes to $14,946/yr on $58,079 deployed, and return on cash invested reaches 45.64% in year one. Equity gained on principal adds $1,131/yr, and five-year appreciation sums $48,405 alongside rental yield of 17.52%. Five-year ROI measures 242.58% and total cumulative return in cash totals $140,890.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,558/mo property income versus a $858/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1908
5,079 sqft 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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