244 Honest John RdWoodbineNJ08270
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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 Woodbine at 244 Honest John Rd, Woodbine, NJ, 08270 offers a 3.02% rental yield on a $424,900 purchase with $1,069/mo rent. 21% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,392 over five years. Portfolio math shows five-year ROI at 14.56% and total cumulative return in cash at $20,505. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,069/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08270, Woodbine, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,322 (100%) |
| Owner Occupied HU | 2,409 (72.5%) |
| Renter Occupied HU | 473 (14.2%) |
| Vacant Housing Units | 440 (13.2%) |
| Median Home Value | $453,687 |
| Average Home Value | $496,683 |
Housing Distribution
Address Breakdown
Residential
2,748
Single Family
2,747
Multi-Family
1
Businesses
142
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Listed by: Matthew Pauls • Compass New Jersey-Ocean City (O463E)
Mls Name: SJSRMLS
Mls ID: #599332