29 Phillip StSouth RiverNJ08882
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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 South River at 29 Phillip St, South River, NJ, 08882 priced at $799,000 converts $4,584/mo rent into after a $3,911/mo obligation. Total monthly income equals $4,584/mo. Return on cash invested prints 14.99% in year one, and rental yield reads 6.88% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 77.65% and total cumulative return in cash sums $204,114. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,584/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 2003
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08882, South River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,913 (100%) |
| Owner Occupied HU | 3,666 (62.0%) |
| Renter Occupied HU | 2,002 (33.9%) |
| Vacant Housing Units | 245 ( 4.1%) |
| Median Home Value | $489,055 |
| Average Home Value | $507,833 |
Housing Distribution
Address Breakdown
Residential
5,632
Single Family
5,387
Multi-Family
245
Businesses
451
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Listed by: ANITA CHADHA • NEW JERSEY REALTY, LLC.
Mls Name: All Jersey MLS
Mls ID: #2604739R