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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Mays Landing at 2947 Cologne Ave, Mays Landing, NJ, 08330 uses $104,423 cash to close to unlock $10,182/yr annual cash flow and $849/mo monthly cash flow. Total monthly income runs $3,094/mo, and a $1,542/mo payment keeps the spread at $849/mo. Purchase price stands at $315,000, and rental yield measures 11.79% with $3,094/mo rent. Return on cash invested shows 29.66% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 156.36% and total cumulative return in cash records $163,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,094/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08330, Mays Landing, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 8,619 (68.5%) |
| Renter Occupied HU | 3,374 (26.8%) |
| Vacant Housing Units | 593 ( 4.7%) |
| Median Home Value | $310,164 |
| Average Home Value | $340,602 |
Residential
12,447
Single Family
12,375
Multi-Family
72
Businesses
640
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Carrie Paul • Compass New Jersey-Ocean City (O463E)
Mls Name: SJSRMLS
Mls ID: #603097
