2314 Market StPt NorrisNJ08349
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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 Pt Norris at 2314 Market St, Pt Norris, NJ, 08349 earns $1,081/mo cash flow from $2,364/mo rent with a $881/mo payment. Total monthly income totals $2,364/mo, and annual cash flow totals $12,972/yr on $59,670 capital. ROI tracks 41.65% on current figures, and rental yield reads 15.76% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 220.64% and total cumulative return in cash sums $131,657. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,364/mo property income instead of your personal income.
Single Family
Built in 1870
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08349, Port Norris, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 850 (100%) |
| Owner Occupied HU | 532 (62.6%) |
| Renter Occupied HU | 168 (19.8%) |
| Vacant Housing Units | 150 (17.6%) |
| Median Home Value | $198,148 |
| Average Home Value | $266,570 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
615
Multi-Family
0
Businesses
31
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Listed by: Nancy Kowalik • Your Home Sold Guaranteed Nancy Kowalik Group
Mls Name: My State MLS
Mls ID: #11287619