24 Pennington AveSpotswoodNJ08884
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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 Spotswood at 24 Pennington Ave, Spotswood, NJ, 08884 with 5% annual appreciation on a $535,000 basis while $3,930/mo rent supports operations. Total monthly income totals $3,930/mo and a $2,619/mo payment preserves $116/mo for cash returns. Annual cash flow comes to $1,394/yr on $176,015 deployed, and return on cash invested reaches 20.85% in year one. Equity gained on principal adds $3,452/yr, and five-year appreciation sums $147,811 alongside rental yield of 8.81%. Five-year ROI measures 109.13% and total cumulative return in cash totals $192,088.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,930/mo property income versus a $2,619/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08884, Spotswood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,276 (100%) |
| Owner Occupied HU | 2,587 (79.0%) |
| Renter Occupied HU | 596 (18.2%) |
| Vacant Housing Units | 93 ( 2.8%) |
| Median Home Value | $471,823 |
| Average Home Value | $523,659 |
Housing Distribution
Address Breakdown
Residential
3,267
Single Family
2,986
Multi-Family
281
Businesses
221
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Listed by: JENNIFER A. GEIST • DAVIS REALTORS
Mls Name: All Jersey MLS
Mls ID: #2604071R