285 Spruce StBridgetonNJ08302
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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 Bridgeton at 285 Spruce St, Bridgeton, NJ, 08302 priced at $210,000 pairs $1,423/mo rent with after a $1,028/mo payment. Total monthly income equals $1,423/mo. Return on cash invested is 18.63% in year one, and rental yield stands at 8.13% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 97.23% and total cumulative return in cash reaches $67,684. For financing, Ziffy Mortgage’s DSCR program evaluates $1,423/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08302, Bridgeton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,187 (100%) |
| Owner Occupied HU | 8,758 (54.1%) |
| Renter Occupied HU | 6,134 (37.9%) |
| Vacant Housing Units | 1,295 ( 8.0%) |
| Median Home Value | $250,606 |
| Average Home Value | $297,891 |
Housing Distribution
Address Breakdown
Residential
14,907
Single Family
14,255
Multi-Family
652
Businesses
897
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Listed by: Alexys McLean • PLATINUM REAL ESTATE
Mls Name: SJSRMLS
Mls ID: #603499