15 Walnut StPenns GroveNJ08069
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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 Penns Grove at 15 Walnut St, Penns Grove, NJ, 08069 offers $2,376/mo rent that, after a $1,219/mo payment, leaves $601/mo cash flow. Total monthly income is $2,376/mo, and annual cash flow is $7,211/yr on $82,544 cash. Return on cash invested measures 28.64% in year one, and rental yield stands at 11.45% at a $249,000 entry. Equity gained on principal adds $1,607/yr while 5% annual appreciation compounds into $68,794 by year five. Five-year ROI records 150.91% and total cumulative return in cash reaches $124,568. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,376/mo property income versus a $1,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
6,216 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08069, Penns Grove, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,061 (100%) |
| Owner Occupied HU | 3,079 (50.8%) |
| Renter Occupied HU | 2,317 (38.2%) |
| Vacant Housing Units | 665 (11.0%) |
| Median Home Value | $209,820 |
| Average Home Value | $314,811 |
Housing Distribution
Address Breakdown
Residential
5,212
Single Family
4,783
Multi-Family
429
Businesses
292
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Listed by: Karen Larsson-Flowers • American Dream Realty of South Jersey
Mls Name: Bright MLS
Mls ID: #NJSA2015754