202 Chestnut StBrooklawnNJ08030
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Nearby investment properties with comparable prices
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 Brooklawn at 202 Chestnut St, Brooklawn, NJ, 08030 priced at $395,000 converts $2,842/mo rent into $27/mo cash flow after a $1,933/mo obligation. Total monthly income equals $2,842/mo, and annual cash flow totals $322/yr on $130,943 invested. Return on cash invested prints 20.15% in year one, and rental yield reads 8.63% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 105.38% and total cumulative return in cash sums $137,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,842/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1918
6,660 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08030, Gloucester City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,470 (100%) |
| Owner Occupied HU | 3,194 (58.4%) |
| Renter Occupied HU | 1,813 (33.1%) |
| Vacant Housing Units | 463 ( 8.5%) |
| Median Home Value | $219,530 |
| Average Home Value | $291,694 |
Housing Distribution
Address Breakdown
Residential
5,287
Single Family
5,076
Multi-Family
211
Businesses
383
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Listed by: Melissa Mulderig • Garden State Properties Group - Merchantville
Mls Name: Bright MLS
Mls ID: #NJCD2107926