246 Egret LnMarmoraNJ08223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Marmora at 246 Egret Ln, Marmora, NJ, 08223 at $159,000 posts ROI 21.8% with $83/mo cash flow from $1,216/mo rent. Total monthly income equals $1,216/mo, and annual cash flow records $995/yr on $52,709 to close. Return on cash invested measures 21.8% and rental yield reads 9.18% at the current $159,000. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 by year five. Five-year ROI prints 114.2% and total cumulative return in cash totals $60,192.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,216/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1988
2,275 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08223, Marmora, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,018 (100%) |
| Owner Occupied HU | 1,396 (69.2%) |
| Renter Occupied HU | 155 ( 7.7%) |
| Vacant Housing Units | 467 (23.1%) |
| Median Home Value | $474,247 |
| Average Home Value | $549,989 |
Housing Distribution
Address Breakdown
Residential
1,745
Single Family
1,745
Multi-Family
0
Businesses
307
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Nearby investment properties with comparable prices
Listed by: Barb Kyle • Balsley-Losco Realtors
Mls Name: Bright MLS
Mls ID: #NJCM2005784