147 Rainbow DrMays LandingNJ08330
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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 Mays Landing at 147 Rainbow Dr, Mays Landing, NJ, 08330 offers a 9.52% rental yield on a $479,000 purchase with $3,799/mo rent. Total monthly income registers $3,799/mo, and a $2,344/mo payment leaves $385/mo available for distribution. Annual cash flow reaches $4,623/yr on $158,789 to close, and return on cash invested stands at 22.82% in year one. Equity gained on principal adds $3,091/yr while 5% annual appreciation supports $132,339 over five years. Portfolio math shows five-year ROI at 119.7% and total cumulative return in cash at $190,071. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,799/mo property income against a $2,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08330, Mays Landing, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 8,619 (68.5%) |
| Renter Occupied HU | 3,374 (26.8%) |
| Vacant Housing Units | 593 ( 4.7%) |
| Median Home Value | $310,164 |
| Average Home Value | $340,602 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,375
Multi-Family
72
Businesses
640
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Listed by: Bill Bradshaw • Keller Williams Realty - Atlantic Shore
Mls Name: Bright MLS
Mls ID: #NJAC2022776