306 Norwood AvenueLaurence HarborNJ08879
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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
Investment property for sale in Laurence Harbor at 306 Norwood Avenue, Laurence Harbor, NJ, 08879 with 5% annual appreciation on a $350,000 basis while $3,072/mo rent supports operations. Total monthly income totals $3,072/mo and a $1,713/mo payment preserves $577/mo for cash returns. Annual cash flow comes to $6,928/yr on $116,025 deployed, and return on cash invested reaches 25.88% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 10.53%. Five-year ROI measures 136.12% and total cumulative return in cash totals $157,934.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,072/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1942
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08879, South Amboy, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,470 (100%) |
| Owner Occupied HU | 5,998 (57.3%) |
| Renter Occupied HU | 4,130 (39.4%) |
| Vacant Housing Units | 342 ( 3.3%) |
| Median Home Value | $445,825 |
| Average Home Value | $492,152 |
Housing Distribution
Address Breakdown
Residential
9,414
Single Family
8,876
Multi-Family
538
Businesses
518
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Listed by: Anthony Chiaino • RE/MAX First Class
Mls Name: MoreMLS
Mls ID: #22600550