2552 Milbourne DrPort NorrisNJ08349
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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 Port Norris at 2552 Milbourne Dr, Port Norris, NJ, 08349 offers a 12.35% rental yield on a $225,000 purchase with $2,316/mo rent. Total monthly income registers $2,316/mo, and a $1,101/mo payment leaves $713/mo available for distribution. Annual cash flow reaches $8,550/yr on $74,588 to close, and return on cash invested stands at 31.37% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 165.58% and total cumulative return in cash at $123,501. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,316/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08349, Port Norris, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 850 (100%) |
| Owner Occupied HU | 532 (62.6%) |
| Renter Occupied HU | 168 (19.8%) |
| Vacant Housing Units | 150 (17.6%) |
| Median Home Value | $198,148 |
| Average Home Value | $266,570 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
615
Multi-Family
0
Businesses
31
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Listed by: Erika Gandy • S. Kelly Real Estate LLC
Mls Name: Bright MLS
Mls ID: #NJCB2024790