231 Hillcrest AveLaurence HarborNJ08879
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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 Laurence Harbor at 231 Hillcrest Ave, Laurence Harbor, NJ, 08879 uses $132,600 cash to close to unlock $12,536/yr annual cash flow and $1,045/mo monthly cash flow. Total monthly income runs $3,896/mo, and a $1,958/mo payment keeps the spread at $1,045/mo. Purchase price stands at $399,999, and rental yield measures 11.69% with $3,896/mo rent. Return on cash invested shows 29.36% in year one, and 5% annual appreciation builds toward $110,512 over five years. Five-year ROI reaches 154.77% and total cumulative return in cash records $205,227. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,896/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1947
5,601 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,414
Single Family
8,876
Multi-Family
538
Businesses
518
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Listed by: DENNIS J. VALVANO • DENVAL REALTY
Mls Name: All Jersey MLS
Mls ID: #2609453R