22 Delaware Ave, Penns Grove, NJ, 08069 | $39/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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22 Delaware Ave, Penns Grove, NJ, 08069 | $39/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Penns Grove at 22 Delaware Ave, Penns Grove, NJ, 08069 priced at $385,000 converts $2,783/mo rent into $39/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,783/mo, and annual cash flow totals $470/yr on $127,628 invested. Return on cash invested prints 20.28% in year one, and rental yield reads 8.67% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 106.08% and total cumulative return in cash sums $135,382. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,783/mo property income covering a $1,884/mo payment, not borrower’s personal income.

Single Family

Built in 1920

10,380 sqft lot

$N/A/sqft

No HOA

More details about the property

Your waterfront lifestyle begins here! Welcome to 22 Delaware Avenue in Penns Grove a RARE riverfront property offering unobstructed Delaware River views, classic 1920s charm, and a solid, recently updated seawall that makes this beauty stand out from the rest. This 3-bedroom, 2-bath home offers an impressive 1,927 square feet of living space and blends warm character with thoughtful updates. The inviting living room features a wood-burning fireplace and large picture windows that fill the home with natural light and frame relaxing water views. Enjoy a wonderful natural sea breeze rolling off the water or cool comfort year-round with central air and natural gas heat. The newer kitchen comes equipped with appliances included (refrigerator, range, microwave) and offers plenty of cabinet space. Upstairs bedrooms are roomy and bright, and both bathrooms are nicely maintained. A full dry basement offers additional storage and includes laundry area and walkout access from either the garage or main hallideal for convenience. Step outside and immerse yourself in peace and relaxation as you watch ships drift by, enjoy fishing from your backyard, or unwind with sunrises and sunsets over the water. This property delivers incredible outdoor potential in a quiet, waterfront setting. Property Highlights Rare Delaware River waterfront property Solid and recently updated seawall 3 Bedrooms 2 Full Baths 1,927 sq ft Wood-burning fireplace Central air + natural gas heat Newer appliances included Well-maintained mechanicals Full dry basement with laundry & garage access Beautiful waterfront views from multiple rooms Off-street parking and established landscaping Easy commute to Wilmington, Delaware Memorial Bridge, Route 295 & Philadelphia Endless potential as a primary home, riverfront retreat, or investment property Dont miss this rare chance to own authentic waterfront living with timeless charm, views, and value.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08069, Penns Grove, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,061 (100%)
Owner Occupied HU	3,079 (50.8%)
Renter Occupied HU	2,317 (38.2%)
Vacant Housing Units	665 (11.0%)
Median Home Value	$209,820
Average Home Value	$314,811