217 Allens LnMullica HillNJ08062
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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 Mullica Hill at 217 Allens Ln, Mullica Hill, NJ, 08062 offers $1,891/mo rent that, after a $1,346/mo payment. Total monthly income is $1,891/mo. Return on cash invested measures 15.67% in year one, and rental yield stands at 8.25% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 82.55% and total cumulative return in cash reaches $75,251. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,891/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1991
1 Acres lot
$N/A/sqft
$253 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08062, Mullica Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,084 (100%) |
| Owner Occupied HU | 5,204 (85.5%) |
| Renter Occupied HU | 648 (10.7%) |
| Vacant Housing Units | 232 ( 3.8%) |
| Median Home Value | $555,112 |
| Average Home Value | $561,427 |
Housing Distribution
Address Breakdown
Residential
6,008
Single Family
5,944
Multi-Family
64
Businesses
390
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Listed by: Nancy Kowalik • Your Home Sold Guaranteed Nancy Kowalik Group
Mls Name: My State MLS
Mls ID: #11447674