16 Basil DrLumbertonNJ08048
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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 Lumberton at 16 Basil Dr, Lumberton, NJ, 08048 listed at $291,500 pairs $2,033/mo rent with a $1,427/mo payment. Total monthly income runs $2,033/mo. Return on cash invested measures 19.35% in year one, and rental yield registers 8.37% at a $291,500 basis. Equity gained on principal adds $1,881/yr, and annual property appreciation at 5% supports $80,536 by year five. Five-year ROI tracks 101.07% and total cumulative return in cash totals $97,663. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,033/mo property income relative to a $1,427/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1987
2,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08048, Lumberton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,026 (100%) |
| Owner Occupied HU | 3,307 (65.8%) |
| Renter Occupied HU | 1,498 (29.8%) |
| Vacant Housing Units | 221 ( 4.4%) |
| Median Home Value | $473,916 |
| Average Home Value | $506,784 |
Housing Distribution
Address Breakdown
Residential
4,887
Single Family
4,762
Multi-Family
125
Businesses
309
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Listed by: Ronnie Glomb • Your Town Realty
Mls Name: Bright MLS
Mls ID: #NJBL2094884