30 2nd StFranklinvilleNJ08322
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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 Franklinville at 30 2nd St, Franklinville, NJ, 08322 priced at $319,900 converts $2,279/mo rent into after a $1,566/mo obligation. Total monthly income equals $2,279/mo. Return on cash invested prints 19.89% in year one, and rental yield reads 8.55% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 104% and total cumulative return in cash sums $110,288. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,279/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1940
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08322, Franklinville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,082 (100%) |
| Owner Occupied HU | 3,475 (85.1%) |
| Renter Occupied HU | 404 ( 9.9%) |
| Vacant Housing Units | 203 ( 5.0%) |
| Median Home Value | $396,279 |
| Average Home Value | $387,237 |
Housing Distribution
Address Breakdown
Residential
3,703
Single Family
3,702
Multi-Family
1
Businesses
180
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Listed by: Stephanie Verderose • Exit Homestead Realty Professi
Mls Name: Bright MLS
Mls ID: #NJGL2061214