1404 S Central AveMinotolaNJ08341
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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 Minotola at 1404 S Central Ave, Minotola, NJ, 08341 generates $3,298/mo in rent and, after a $1,904/mo payment, leaves $525/mo in cash flow. Total monthly income is $3,298/mo, and annual cash flow is $6,303/yr on $128,954 invested. Return on cash invested sits at 24.8% in year one, and rental yield is 10.17% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 130.31% and total cumulative return in cash sums $168,042. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,298/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08341, Minotola, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 793 (100%) |
| Owner Occupied HU | 409 (51.6%) |
| Renter Occupied HU | 344 (43.4%) |
| Vacant Housing Units | 40 ( 5.0%) |
| Median Home Value | $436,818 |
| Average Home Value | $454,407 |
Housing Distribution
Address Breakdown
Residential
775
Single Family
637
Multi-Family
138
Businesses
60
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Listed by: Louis Petrini, Jr • COLLINI REAL ESTATE, LLC
Mls Name: SJSRMLS
Mls ID: #601362