142 2nd AvePitmanNJ08071
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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 Pitman at 142 2nd Ave, Pitman, NJ, 08071 uses $96,102 cash to close to unlock $7,867/yr annual cash flow and $656/mo monthly cash flow. Total monthly income runs $2,722/mo, and a $1,419/mo payment keeps the spread at $656/mo. Purchase price stands at $289,900, and rental yield measures 11.27% with $2,722/mo rent. Return on cash invested shows 28.09% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 147.99% and total cumulative return in cash records $142,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,722/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1997
2,438 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08071, Pitman, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,256 (100%) |
| Owner Occupied HU | 3,097 (72.8%) |
| Renter Occupied HU | 860 (20.2%) |
| Vacant Housing Units | 299 ( 7.0%) |
| Median Home Value | $332,494 |
| Average Home Value | $359,976 |
Housing Distribution
Address Breakdown
Residential
3,709
Single Family
3,698
Multi-Family
11
Businesses
297
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Listed by: Bob Dick Sr • Keller Williams Realty - Washington Township
Mls Name: Bright MLS
Mls ID: #NJGL2061982