229 E Florida AveVillasNJ08251
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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 Villas at 229 E Florida Ave, Villas, NJ, 08251 uses $109,362 cash to close to unlock $1,527/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $2,479/mo, and a $1,615/mo payment keeps the spread at $127/mo. Purchase price stands at $329,900, and rental yield measures 9.02% with $2,479/mo rent. Return on cash invested shows 21.3% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 111.61% and total cumulative return in cash records $122,055. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,479/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1947
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08251, Villas, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,477 (100%) |
| Owner Occupied HU | 3,461 (53.4%) |
| Renter Occupied HU | 832 (12.8%) |
| Vacant Housing Units | 2,184 (33.7%) |
| Median Home Value | $365,842 |
| Average Home Value | $440,472 |
Housing Distribution
Address Breakdown
Residential
5,043
Single Family
5,043
Multi-Family
0
Businesses
127
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Listed by: Theresa L. Senico, ABR,GRI,SRES • deSatnick Real Estate LLC - Lower Township
Mls Name: CMCAOR
Mls ID: #253557