21 Vassar AveFortescueNJ08321
Nearby investment properties with comparable rents
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
Investment property for sale in Fortescue at 21 Vassar Ave, Fortescue, NJ, 08321 offers a 11.13% rental yield on a $225,000 purchase with $2,086/mo rent. Total monthly income registers $2,086/mo, and a $1,101/mo payment leaves $483/mo available for distribution. Annual cash flow reaches $5,790/yr on $74,588 to close, and return on cash invested stands at 27.67% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 145.74% and total cumulative return in cash at $108,705. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,086/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1970
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08321, Fortescue, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 238 (100%) |
| Owner Occupied HU | 91 (38.2%) |
| Renter Occupied HU | 13 ( 5.5%) |
| Vacant Housing Units | 134 (56.3%) |
| Median Home Value | $254,464 |
| Average Home Value | $316,429 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
7
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Listed by: Christopher Valianti • RE/MAX Preferred - Mullica Hill
Mls Name: Bright MLS
Mls ID: #NJCB2027414