16 Spring StBridgetonNJ08302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bridgeton at 16 Spring St, Bridgeton, NJ, 08302 at $175,000 posts ROI 37.08% with $830/mo cash flow from $2,078/mo rent. Total monthly income equals $2,078/mo, and annual cash flow records $9,962/yr on $58,013 to close. Return on cash invested measures 37.08% and rental yield reads 14.25% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 196.25% and total cumulative return in cash totals $113,851.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,078/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
10,498 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08302, Bridgeton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,187 (100%) |
| Owner Occupied HU | 8,758 (54.1%) |
| Renter Occupied HU | 6,134 (37.9%) |
| Vacant Housing Units | 1,295 ( 8.0%) |
| Median Home Value | $250,606 |
| Average Home Value | $297,891 |
Housing Distribution
Address Breakdown
Residential
14,907
Single Family
14,255
Multi-Family
652
Businesses
897
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Listed by: Jeanine Pescatore • Lamar Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJCB2028064