242 Belmont AveBridgetonNJ08302
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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 Bridgeton at 242 Belmont Ave, Bridgeton, NJ, 08302 uses $75,914 cash to close to unlock $6,115/yr annual cash flow and $510/mo monthly cash flow. Total monthly income runs $2,142/mo, and a $1,121/mo payment keeps the spread at $510/mo. Purchase price stands at $229,000, and rental yield measures 11.22% with $2,142/mo rent. Return on cash invested shows 27.96% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 147.3% and total cumulative return in cash records $111,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,142/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1952
7,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08302, Bridgeton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,187 (100%) |
| Owner Occupied HU | 8,758 (54.1%) |
| Renter Occupied HU | 6,134 (37.9%) |
| Vacant Housing Units | 1,295 ( 8.0%) |
| Median Home Value | $250,606 |
| Average Home Value | $297,891 |
Housing Distribution
Address Breakdown
Residential
14,907
Single Family
14,255
Multi-Family
652
Businesses
897
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Listed by: Jackie Capoferri • S. Kelly Real Estate LLC
Mls Name: Bright MLS
Mls ID: #NJCB2027802