16 Draeger PlSouth RiverNJ08882
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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 South River at 16 Draeger Pl, South River, NJ, 08882 priced at $520,000 pairs $3,596/mo rent with after a $2,545/mo payment. Total monthly income equals $3,596/mo. Return on cash invested is 19.29% in year one, and rental yield stands at 8.3% on a $520,000 basis. Equity gained on principal adds $3,355/yr, and 5% annual appreciation accumulates to $143,666 by year five. Five-year ROI measures 100.71% and total cumulative return in cash reaches $172,295. For financing, Ziffy Mortgage’s DSCR program evaluates $3,596/mo property income against a $2,545/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08882, South River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,913 (100%) |
| Owner Occupied HU | 3,666 (62.0%) |
| Renter Occupied HU | 2,002 (33.9%) |
| Vacant Housing Units | 245 ( 4.1%) |
| Median Home Value | $489,055 |
| Average Home Value | $507,833 |
Housing Distribution
Address Breakdown
Residential
5,632
Single Family
5,387
Multi-Family
245
Businesses
451
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Listed by: PEDRO A. CASTRO • MORE HOMES REALTY, LLC
Mls Name: All Jersey MLS
Mls ID: #2609279R