23 Borelle SqParlinNJ08859
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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 Parlin at 23 Borelle Sq, Parlin, NJ, 08859 listed at $475,000 pairs $3,466/mo rent with a $2,325/mo payment to leave $80/mo cash flow. Total monthly income runs $3,466/mo, and annual cash flow reaches $962/yr on $157,463 cash to close. Return on cash invested measures 20.52% in year one, and rental yield registers 8.76% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 107.37% and total cumulative return in cash totals $169,063. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,466/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1984
1,298 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08859, Parlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 5,514 (58.1%) |
| Renter Occupied HU | 3,570 (37.6%) |
| Vacant Housing Units | 410 ( 4.3%) |
| Median Home Value | $478,704 |
| Average Home Value | $541,004 |
Housing Distribution
Address Breakdown
Residential
9,233
Single Family
8,841
Multi-Family
392
Businesses
428
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Listed by: CHRISTOPHER TINNEY • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2608699R