305 Main StNewportNJ08345
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
Investment property for sale in Newport at 305 Main St, Newport, NJ, 08345 uses $48,697 cash to close to unlock $5,039/yr annual cash flow and $420/mo monthly cash flow. Total monthly income runs $1,467/mo, and a $719/mo payment keeps the spread at $420/mo. Purchase price stands at $146,900, and rental yield measures 11.98% with $1,467/mo rent. Return on cash invested shows 30.26% in year one, and 5% annual appreciation builds toward $40,586 over five years. Five-year ROI reaches 159.52% and total cumulative return in cash records $77,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,467/mo property income covering a $719/mo payment rather than investor’s personal income.
Single Family
Built in 1800
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08345, Newport, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 420 (100%) |
| Owner Occupied HU | 262 (62.4%) |
| Renter Occupied HU | 50 (11.9%) |
| Vacant Housing Units | 108 (25.7%) |
| Median Home Value | $195,238 |
| Average Home Value | $300,153 |
Housing Distribution
Address Breakdown
Residential
325
Single Family
325
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jackie Capoferri • S. Kelly Real Estate LLC
Mls Name: Bright MLS
Mls ID: #NJCB2028000