29 Athens WaySouth AmboyNJ08879
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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 South Amboy at 29 Athens Way, South Amboy, NJ, 08879 offers a 6.94% rental yield on a $536,000 purchase with $3,101/mo rent. 17% in year one. Equity gained on principal adds $3,459/yr while 5% annual appreciation supports $148,087 over five years. Portfolio math shows five-year ROI at 78.61% and total cumulative return in cash at $138,630. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,101/mo property income against a $2,623/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2022
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08879, South Amboy, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,470 (100%) |
| Owner Occupied HU | 5,998 (57.3%) |
| Renter Occupied HU | 4,130 (39.4%) |
| Vacant Housing Units | 342 ( 3.3%) |
| Median Home Value | $445,825 |
| Average Home Value | $492,152 |
Housing Distribution
Address Breakdown
Residential
9,414
Single Family
8,876
Multi-Family
538
Businesses
518
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Listed by: Robert Dekanski • RE/MAX 1st. Advantage
Mls Name: MoreMLS
Mls ID: #22529890