283 Pine View WaySpotswoodNJ08884
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
Rental property for sale in Spotswood at 283 Pine View Way, Spotswood, NJ, 08884 priced at $224,900 pairs $3,000/mo rent with $450/mo cash flow after a $1,101/mo payment. Total monthly income equals $3,000/mo, and annual cash flow comes to $5,397/yr on $74,554 invested. Return on cash invested is 27.15% in year one, and rental yield stands at 16.01% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 148.44% and total cumulative return in cash reaches $110,665. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2006
N/A lot
$N/A/sqft
$947 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08884, Spotswood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,276 (100%) |
| Owner Occupied HU | 2,587 (79.0%) |
| Renter Occupied HU | 596 (18.2%) |
| Vacant Housing Units | 93 ( 2.8%) |
| Median Home Value | $471,823 |
| Average Home Value | $523,659 |
Housing Distribution
Address Breakdown
Residential
3,267
Single Family
2,986
Multi-Family
281
Businesses
221
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John M. Chludzinski • WINDING RIVER REALTY, LLC
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2503330R
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC All rights reserved The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting.