22 Turtle Creek DrMullica 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 22 Turtle Creek Dr, Mullica Hill, NJ, 08062 generates $4,982/mo in rent and, after a $2,937/mo payment, leaves $705/mo in cash flow. Total monthly income is $4,982/mo, and annual cash flow is $8,460/yr on $197,400 invested. Return on cash invested sits at 24.35% in year one, and rental yield is 9.96% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 127.84% and total cumulative return in cash sums $252,348. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,982/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.57 Acres lot
$N/A/sqft
No 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: Donna Jakovasic • Better Homes and Gardens Real Estate Maturo
Mls Name: Bright MLS
Mls ID: #NJGL2056736