163 State St, Penns Grove, NJ, 08069 | 7.96% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Penns Grove at 163 State St, Penns Grove, NJ, 08069 with 5% annual appreciation on a $294,900 basis while $1,955/mo rent supports operations. 11% in year one. Equity gained on principal adds $1,903/yr, and five-year appreciation sums $81,475 alongside rental yield of 7.96%. Five-year ROI measures 94.44% and total cumulative return in cash totals $92,323. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,955/mo property income versus a $1,443/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1940

5,502 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