1553 Red Bank AveThorofareNJ08086
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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 Thorofare at 1553 Red Bank Ave, Thorofare, NJ, 08086 generates $2,862/mo in rent and, after a $1,664/mo payment, leaves $439/mo in cash flow. Total monthly income is $2,862/mo, and annual cash flow is $5,264/yr on $112,710 invested. Return on cash invested sits at 24.58% in year one, and rental yield is 10.1% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 129.12% and total cumulative return in cash sums $145,530. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,862/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
9,017 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08086, Thorofare, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,837 (100%) |
| Owner Occupied HU | 2,516 (65.6%) |
| Renter Occupied HU | 1,175 (30.6%) |
| Vacant Housing Units | 146 ( 3.8%) |
| Median Home Value | $317,546 |
| Average Home Value | $332,405 |
Housing Distribution
Address Breakdown
Residential
3,766
Single Family
3,491
Multi-Family
275
Businesses
222
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Listed by: Gia MORINA • Opus Elite Real Estate of NJ, LLC
Mls Name: Bright MLS
Mls ID: #NJGL2068648