216 Old New York RdPort RepublicNJ08241
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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 Port Republic at 216 Old New York Rd, Port Republic, NJ, 08241 earns $882/mo cash flow from $3,415/mo rent with a $1,713/mo payment. Total monthly income totals $3,415/mo, and annual cash flow totals $10,582/yr on $116,025 capital. ROI tracks 29.03% on current figures, and rental yield reads 11.71% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 153.12% and total cumulative return in cash sums $177,662. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,415/mo property income instead of your personal income.
Single Family
Built in 1850
21.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08241, Port Republic, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 472 (100%) |
| Owner Occupied HU | 402 (85.2%) |
| Renter Occupied HU | 28 ( 5.9%) |
| Vacant Housing Units | 42 ( 8.9%) |
| Median Home Value | $538,636 |
| Average Home Value | $534,932 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
15
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Listed by: RICHARD HAVILAND • KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #599201
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.