3 E Main StRio GrandeNJ08242
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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 Rio Grande at 3 E Main St, Rio Grande, NJ, 08242 priced at $350,000 converts $3,180/mo rent into $685/mo cash flow after a $1,713/mo obligation. Total monthly income equals $3,180/mo, and annual cash flow totals $8,224/yr on $116,025 invested. Return on cash invested prints 27% in year one, and rental yield reads 10.9% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 142.1% and total cumulative return in cash sums $164,870. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,180/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08242, Rio Grande, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,173 (100%) |
| Owner Occupied HU | 1,384 (63.7%) |
| Renter Occupied HU | 424 (19.5%) |
| Vacant Housing Units | 365 (16.8%) |
| Median Home Value | $398,201 |
| Average Home Value | $620,233 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
1,762
Multi-Family
0
Businesses
308
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Listed by: Roman Osadchuk • RPO REALTORS
Mls Name: CMCAOR
Mls Provider:
Mls ID: #212390
Disclaimer: Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.