217 Wells Mill RoadWaretownNJ08758
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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 Waretown at 217 Wells Mill Road, Waretown, NJ, 08758 uses $164,093 cash to close to unlock $2,106/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $3,704/mo, and a $2,423/mo payment keeps the spread at $176/mo. Purchase price stands at $495,000, and rental yield measures 8.98% with $3,704/mo rent. Return on cash invested shows 21.19% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 110.97% and total cumulative return in cash records $182,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,704/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08758, Waretown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,118 (100%) |
| Owner Occupied HU | 3,057 (74.2%) |
| Renter Occupied HU | 496 (12.0%) |
| Vacant Housing Units | 565 (13.7%) |
| Median Home Value | $566,761 |
| Average Home Value | $599,940 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,942
Multi-Family
77
Businesses
156
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Listed by: Patricia Del Prete • Crossroads Realty Ocean Cty Regional Office
Mls Name: MoreMLS
Mls ID: #22537550