248 F St, Penns Grove, NJ, 08069 | $140/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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248 F St, Penns Grove, NJ, 08069 | $140/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Penns Grove at 248 F St, Penns Grove, NJ, 08069 uses $56,322 cash to close to unlock $1,675/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $1,351/mo, and a $832/mo payment keeps the spread at $140/mo. Purchase price stands at $169,900, and rental yield measures 9.54% with $1,351/mo rent. Return on cash invested shows 22.88% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 120.04% and total cumulative return in cash records $67,610. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,351/mo property income covering a $832/mo payment rather than investor’s personal income.

Single Family

Built in 1917

4,941 sqft lot

$N/A/sqft

No HOA

More details about the property

Cute 2 bedroom ranch in Carneys Point with central air and gas heat. This affordable home offers a nice size living room, a dining room, eat-in kitchen and a large front porch. There is a mud room off the kitchen and a detached 1 car garage. Bathroom has been updated. Roof was replaced in recent years. Plenty of off-street parking. All appliances are included. Property just needs some minor sprucing up here and there but is move in ready. Being sold as is. Buyer responsible for obtaining the CO and any lender repairs. Seller will not make any repairs.

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