279 Pine StCarneys PtNJ08069
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 Carneys Pt at 279 Pine St, Carneys Pt, NJ, 08069 at $280,000 posts ROI 26.8% with $533/mo cash flow from $2,528/mo rent. Total monthly income equals $2,528/mo, and annual cash flow records $6,392/yr on $92,820 to close. Return on cash invested measures 26.8% and rental yield reads 10.83% at the current $280,000. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 by year five. Five-year ROI prints 141% and total cumulative return in cash totals $130,881.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,528/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1938
6,525 sqft 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: Nancy Casey • BHHS Fox & Roach-Mullica Hill South
Mls Name: Bright MLS
Mls ID: #NJSA2016528