15 String StAllowayNJ08001
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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 Alloway at 15 String St, Alloway, NJ, 08001 with 5% annual appreciation on a $450,000 basis while $3,736/mo rent supports operations. Total monthly income totals $3,736/mo and a $2,203/mo payment preserves $528/mo for cash returns. Annual cash flow comes to $6,336/yr on $149,175 deployed, and return on cash invested reaches 24.16% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 9.96%. Five-year ROI measures 126.84% and total cumulative return in cash totals $189,210.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,736/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08001, Alloway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 345 (100%) |
| Owner Occupied HU | 277 (80.3%) |
| Renter Occupied HU | 43 (12.5%) |
| Vacant Housing Units | 25 ( 7.2%) |
| Median Home Value | $399,153 |
| Average Home Value | $677,753 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
39
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Listed by: Nancy Kowalik • Your Home Sold Guaranteed Nancy Kowalik Group
Mls Name: My State MLS
Mls ID: #11512449