237 Garden AvenueBrowns MillsNJ08015
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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 Browns Mills at 237 Garden Avenue, Browns Mills, NJ, 08015 with 5% annual appreciation on a $298,000 basis while $2,702/mo rent supports operations. Total monthly income totals $2,702/mo and a $1,459/mo payment preserves $577/mo for cash returns. Annual cash flow comes to $6,930/yr on $98,787 deployed, and return on cash invested reaches 26.92% in year one. Equity gained on principal adds $1,923/yr, and five-year appreciation sums $82,332 alongside rental yield of 10.88%. Five-year ROI measures 141.72% and total cumulative return in cash totals $140,000.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,702/mo property income versus a $1,459/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08015, Browns Mills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,067 (100%) |
| Owner Occupied HU | 5,818 (72.1%) |
| Renter Occupied HU | 1,598 (19.8%) |
| Vacant Housing Units | 651 ( 8.1%) |
| Median Home Value | $263,425 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
7,721
Single Family
7,585
Multi-Family
136
Businesses
202
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Listed by: Robin L Pickett • Keller Williams Avon Realty
Mls Name: MoreMLS
Mls ID: #22600167