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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Hopelawn at 147 Loretta St, Hopelawn, NJ, 08861 priced at $485,000 converts $3,942/mo rent into $485/mo cash flow after a $2,374/mo obligation. Total monthly income equals $3,942/mo, and annual cash flow totals $5,818/yr on $160,778 invested. Return on cash invested prints 23.53% in year one, and rental yield reads 9.75% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 123.48% and total cumulative return in cash sums $198,530. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,942/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 1906
5,001 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08861, Perth Amboy, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,371 (100%) |
| Owner Occupied HU | 6,465 (33.4%) |
| Renter Occupied HU | 12,239 (63.2%) |
| Vacant Housing Units | 667 ( 3.4%) |
| Median Home Value | $422,443 |
| Average Home Value | $464,147 |
Residential
16,845
Single Family
13,515
Multi-Family
3,330
Businesses
1,269
Date | Event | Price |
|---|---|---|
| 2025-02-08 | Listed for sale | $485,000 |
| 2024-05-10 | Listing removed | N/A |
| 2024-04-13 | Listed for sale | $435,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-18 | $8167.07 | 2.22% | $70,200 | N/A |
| 2023-02-18 | $7989.46 | 2.57% | $70,200 | N/A |
| 2022-02-18 | $7789.39 | 0.83% | $70,200 | N/A |
Listed by: Romina Scandroglio • KELLER WILLIAMS METROPOLITAN
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2508923R
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