239 J StCarneys PointNJ08069
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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 Carneys Point at 239 J St, Carneys Point, NJ, 08069 uses $62,654 cash to close to unlock $1,559/yr annual cash flow and $130/mo monthly cash flow. Total monthly income runs $1,477/mo, and a $925/mo payment keeps the spread at $130/mo. Purchase price stands at $189,000, and rental yield measures 9.38% with $1,477/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 117.42% and total cumulative return in cash records $73,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,477/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1917
5,518 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08069, Penns Grove, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,061 (100%) |
| Owner Occupied HU | 3,079 (50.8%) |
| Renter Occupied HU | 2,317 (38.2%) |
| Vacant Housing Units | 665 (11.0%) |
| Median Home Value | $209,820 |
| Average Home Value | $314,811 |
Housing Distribution
Address Breakdown
Residential
5,212
Single Family
4,783
Multi-Family
429
Businesses
292
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Listed by: Holly Wulderk-Ariza • Keller Williams Prime Realty
Mls Name: Bright MLS
Mls ID: #NJSA2017612