292 Justice DrCarneys 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 292 Justice Dr, Carneys Pt, NJ, 08069 generates $2,621/mo in rent and, after a $1,419/mo payment, leaves $555/mo in cash flow. Total monthly income is $2,621/mo, and annual cash flow is $6,655/yr on $96,102 invested. Return on cash invested sits at 26.83% in year one, and rental yield is 10.85% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 141.23% and total cumulative return in cash sums $135,729. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,621/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
9,100 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
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Listed by: Jim Kane • Prominent Properties Sotheby's International Realty
Mls Name: Bright MLS
Mls ID: #NJSA2016812