197 Morris AveThorofareNJ08086
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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 Thorofare at 197 Morris Ave, Thorofare, NJ, 08086 priced at $299,900 converts $2,760/mo rent into $622/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,760/mo, and annual cash flow totals $7,467/yr on $99,417 invested. Return on cash invested prints 27.42% in year one, and rental yield reads 11.04% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 144.39% and total cumulative return in cash sums $143,548. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1938
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08086, Thorofare, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,837 (100%) |
| Owner Occupied HU | 2,516 (65.6%) |
| Renter Occupied HU | 1,175 (30.6%) |
| Vacant Housing Units | 146 ( 3.8%) |
| Median Home Value | $317,546 |
| Average Home Value | $332,405 |
Housing Distribution
Address Breakdown
Residential
3,766
Single Family
3,491
Multi-Family
275
Businesses
222
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Listed by: William McKeever • Century 21 Alliance - Mantua
Mls Name: Bright MLS
Mls ID: #NJGL2061444