2800 S Lakeshore DriveBrowns MillsNJ08015
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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
Investment property for sale in Browns Mills at 2800 S Lakeshore Drive, Browns Mills, NJ, 08015 with 5% annual appreciation on a $170,000 basis while $1,315/mo rent supports operations. Total monthly income totals $1,315/mo and a $832/mo payment preserves $103/mo for cash returns. Annual cash flow comes to $1,240/yr on $56,355 deployed, and return on cash invested reaches 22.11% in year one. Equity gained on principal adds $1,097/yr, and five-year appreciation sums $46,968 alongside rental yield of 9.28%. Five-year ROI measures 115.94% and total cumulative return in cash totals $65,337.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,315/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1945
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08015, Browns Mills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,067 (100%) |
| Owner Occupied HU | 5,818 (72.1%) |
| Renter Occupied HU | 1,598 (19.8%) |
| Vacant Housing Units | 651 ( 8.1%) |
| Median Home Value | $263,425 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
7,721
Single Family
7,585
Multi-Family
136
Businesses
202
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Listed by: Rachel Mermelstein • HomeSmart First Advantage
Mls Name: MOMLS
Mls Provider:
Mls ID: #22512410
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.