28 Oakford AvenueNew EgyptNJ08533
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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 New Egypt at 28 Oakford Avenue, New Egypt, NJ, 08533 priced at $299,900 converts $2,054/mo rent into after a $1,468/mo obligation. Total monthly income equals $2,054/mo. Return on cash invested prints 18.9% in year one, and rental yield reads 8.22% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 98.68% and total cumulative return in cash sums $98,104. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,054/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1919
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08533, New Egypt, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,933 (100%) |
| Owner Occupied HU | 2,419 (82.5%) |
| Renter Occupied HU | 357 (12.2%) |
| Vacant Housing Units | 157 ( 5.4%) |
| Median Home Value | $500,963 |
| Average Home Value | $619,790 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,784
Multi-Family
9
Businesses
133
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Listed by: Kathleen Festino • C21/ Lawrence Realty
Mls Name: MOMLS
Mls ID: #22523014