164 Pennsylvania AveHopelawnNJ08861
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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 Hopelawn at 164 Pennsylvania Ave, Hopelawn, NJ, 08861 priced at $450,000 converts $3,977/mo rent into $769/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,977/mo, and annual cash flow totals $9,228/yr on $149,175 invested. Return on cash invested prints 26.1% in year one, and rental yield reads 10.61% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 137.23% and total cumulative return in cash sums $204,714. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,977/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1952
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08861, Perth Amboy, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,371 (100%) |
| Owner Occupied HU | 6,465 (33.4%) |
| Renter Occupied HU | 12,239 (63.2%) |
| Vacant Housing Units | 667 ( 3.4%) |
| Median Home Value | $422,443 |
| Average Home Value | $464,147 |
Housing Distribution
Address Breakdown
Residential
16,845
Single Family
13,515
Multi-Family
3,330
Businesses
1,269
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Listed by: ROBERT DEKANSKI • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls ID: #2607192R