23 New Oak RdMickletonNJ08056
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 23 New Oak Rd, Mickleton, NJ, 08056 in Mickleton speaks for itself: 10.05% gross on a $525,000 price, generating $4,398/mo in rent and $656/mo in net income after the $2,361/mo debt service. DSCR 1.86, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,871 stacks alongside $145,048 in projected five-year appreciation and $4,835/yr in principal reduction. Projected total cumulative return: $243,424.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.2% |
| Monthly Cash Flow | $656 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,398 |
| Total Monthly Debt Service | $3,533 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1987
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08056, Mickleton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,852 (100%) |
| Owner Occupied HU | 1,705 (92.1%) |
| Renter Occupied HU | 82 ( 4.4%) |
| Vacant Housing Units | 65 ( 3.5%) |
| Median Home Value | $497,843 |
| Average Home Value | $507,479 |
Housing Distribution
Address Breakdown
Residential
1,672
Single Family
1,672
Multi-Family
0
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1987
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08056, Mickleton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,852 (100%) |
| Owner Occupied HU | 1,705 (92.1%) |
| Renter Occupied HU | 82 ( 4.4%) |
| Vacant Housing Units | 65 ( 3.5%) |
| Median Home Value | $497,843 |
| Average Home Value | $507,479 |
Housing Distribution
Address Breakdown
Residential
1,672
Single Family
1,672
Multi-Family
0
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hollie Dodge • RE/MAX Preferred - Mullica Hill
Mls Name: Bright MLS
Mls ID: #NJGL2059750