17 Park DrMullica HillNJ08062
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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 Mullica Hill at 17 Park Dr, Mullica Hill, NJ, 08062 offers $3,458/mo rent that, after a $2,166/mo payment, leaves $304/mo cash flow. Total monthly income is $3,458/mo, and annual cash flow is $3,645/yr on $146,689 cash. Return on cash invested measures 22.39% in year one, and rental yield stands at 9.38% at a $442,500 entry. Equity gained on principal adds $2,855/yr while 5% annual appreciation compounds into $122,255 by year five. Five-year ROI records 117.39% and total cumulative return in cash reaches $172,203. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,458/mo property income versus a $2,166/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08062, Mullica Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,084 (100%) |
| Owner Occupied HU | 5,204 (85.5%) |
| Renter Occupied HU | 648 (10.7%) |
| Vacant Housing Units | 232 ( 3.8%) |
| Median Home Value | $555,112 |
| Average Home Value | $561,427 |
Housing Distribution
Address Breakdown
Residential
6,008
Single Family
5,944
Multi-Family
64
Businesses
390
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Listed by: Jane Hoffman • Jane Hoffman Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJGL2068566