147 Reading AveWoodbineNJ08270
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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 Woodbine at 147 Reading Ave, Woodbine, NJ, 08270 listed at $324,900 pairs $2,862/mo rent with a $1,590/mo payment to leave $546/mo cash flow. Total monthly income runs $2,862/mo, and annual cash flow reaches $6,557/yr on $107,704 cash to close. Return on cash invested measures 26% in year one, and rental yield registers 10.57% at a $324,900 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,764 by year five. Five-year ROI tracks 136.73% and total cumulative return in cash totals $147,269. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,862/mo property income relative to a $1,590/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1914
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08270, Woodbine, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,322 (100%) |
| Owner Occupied HU | 2,409 (72.5%) |
| Renter Occupied HU | 473 (14.2%) |
| Vacant Housing Units | 440 (13.2%) |
| Median Home Value | $453,687 |
| Average Home Value | $496,683 |
Housing Distribution
Address Breakdown
Residential
2,748
Single Family
2,747
Multi-Family
1
Businesses
142
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Listed by: Michele L. Watkins • GRACE REALTY
Mls Name: CMCAOR
Mls Provider:
Mls ID: #250072
Disclaimer: Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.