230 State StElmerNJ08318
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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 Elmer at 230 State St, Elmer, NJ, 08318 earns $208/mo cash flow from $2,624/mo rent with a $1,659/mo payment. Total monthly income totals $2,624/mo, and annual cash flow totals $2,495/yr on $112,379 capital. ROI tracks 22.13% on current figures, and rental yield reads 9.29% at a $339,000 purchase. Equity gained on principal adds $2,188/yr, and 5% annual appreciation supports $93,659 over five years. Five-year ROI reaches 115.97% and total cumulative return in cash sums $130,324. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,624/mo property income instead of your personal income.
Single Family
Built in 1900
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08318, Elmer, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,755 (100%) |
| Owner Occupied HU | 3,883 (81.7%) |
| Renter Occupied HU | 552 (11.6%) |
| Vacant Housing Units | 320 ( 6.7%) |
| Median Home Value | $324,326 |
| Average Home Value | $429,256 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,626
Multi-Family
0
Businesses
253
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Listed by: Tami Dimmerman • Metro Homes Real Estate Group LLC
Mls Name: Bright MLS
Mls ID: #NJSA2016618