260 S Golfwood AveCarneys PointNJ08069
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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
Rental property for sale in Carneys Point at 260 S Golfwood Ave, Carneys Point, NJ, 08069 priced at $299,000 converts $2,678/mo rent into $547/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,678/mo, and annual cash flow totals $6,567/yr on $99,119 invested. Return on cash invested prints 26.53% in year one, and rental yield reads 10.75% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 139.64% and total cumulative return in cash sums $138,406. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,678/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1938
1.35 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,212
Single Family
4,783
Multi-Family
429
Businesses
292
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Listed by: Rich Warner • Warner Real Estate & Auction Company
Mls Name: Bright MLS
Mls ID: #NJSA2015480