15 W Mary LnWaterford WorksNJ08089
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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
Rental property for sale in Waterford Works at 15 W Mary Ln, Waterford Works, NJ, 08089 generates $2,270/mo in rent, after a $1,591/mo payment. Total monthly income is $2,270/mo. Return on cash invested sits at 19.39% in year one, and rental yield is 8.38% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 101.31% and total cumulative return in cash sums $109,153. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,270/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08089, Waterford Works, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,640 (100%) |
| Owner Occupied HU | 1,333 (81.3%) |
| Renter Occupied HU | 222 (13.5%) |
| Vacant Housing Units | 85 ( 5.2%) |
| Median Home Value | $339,968 |
| Average Home Value | $422,907 |
Housing Distribution
Address Breakdown
Residential
1,509
Single Family
1,463
Multi-Family
46
Businesses
88
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Listed by: Nick Christopher • RE/MAX Community-Williamstown
Mls Name: Bright MLS
Mls ID: #NJCD2106870