287 B 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
Rental property for sale in Carneys Pt at 287 B St, Carneys Pt, NJ, 08069 offers $1,449/mo rent that, after a $1,023/mo payment. Total monthly income is $1,449/mo. Return on cash invested measures 19.2% in year one, and rental yield stands at 8.32% at a $209,000 entry. Equity gained on principal adds $1,349/yr while 5% annual appreciation compounds into $57,743 by year five. Five-year ROI records 100.36% and total cumulative return in cash reaches $69,530. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,449/mo property income versus a $1,023/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1917
5,558 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Johnson • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJSA2016324