1704 Grant AveFranklinvilleNJ08322
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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
Investment property for sale in Franklinville at 1704 Grant Ave, Franklinville, NJ, 08322 uses $116,025 cash to close to unlock $3,520/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $2,788/mo, and a $1,713/mo payment keeps the spread at $293/mo. Purchase price stands at $349,999, and rental yield measures 9.56% with $2,788/mo rent. Return on cash invested shows 22.94% in year one, and 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 120.37% and total cumulative return in cash records $139,658. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,788/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1972
1.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08322, Franklinville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,082 (100%) |
| Owner Occupied HU | 3,475 (85.1%) |
| Renter Occupied HU | 404 ( 9.9%) |
| Vacant Housing Units | 203 ( 5.0%) |
| Median Home Value | $396,279 |
| Average Home Value | $387,237 |
Housing Distribution
Address Breakdown
Residential
3,703
Single Family
3,702
Multi-Family
1
Businesses
180
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Listed by: Christopher Valianti • RE/MAX Preferred - Mullica Hill
Mls Name: Bright MLS
Mls ID: #NJGL2061440