23 Pine Ave, South Amboy, NJ, 08879 | 7.83% Rental Yield

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23 Pine Ave, South Amboy, NJ, 08879 | 7.83% Rental Yield | 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 South Amboy at 23 Pine Ave, South Amboy, NJ, 08879 generates $3,880/mo in rent, after a $2,912/mo payment. Total monthly income is $3,880/mo. Return on cash invested sits at 17.85% in year one, and rental yield is 7.83% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 93.01% and total cumulative return in cash sums $182,078. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,880/mo property income rather than buyer’s personal income.

Single Family

Built in 1961

10,001 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained one-family home located in the highly sought-after Central Park neighborhood of Old Bridge Township. Situated on a desirable corner lot, this home offers generous room sizes and gleaming hardwood flooring throughout. Featuring three spacious bedrooms and a fully finished basement, there's plenty of room to live, work, and relax. The outdoor space is exceptionaldesigned for both entertaining and everyday enjoyment. Step into your own private oasis complete with a sparkling pool, custom premium paver patio, outdoor chef's kitchen with custom brick work, a paved basketball court, and a dedicated playground area with swings. Additional highlights include a one-car garage, a prime location within close proximity to major highways, shopping centers, and commuter routesall without the intrusion of highway noise. Central Park remains one of Old Bridge Township's most desirable neighborhoods, and this home is a rare opportunity. Schedule your private tour today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 08879, South Amboy, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,470 (100%)
Owner Occupied HU	5,998 (57.3%)
Renter Occupied HU	4,130 (39.4%)
Vacant Housing Units	342 ( 3.3%)
Median Home Value	$445,825
Average Home Value	$492,152