306 Sykesville RdChesterfieldNJ08515
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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
Rental property for sale in Chesterfield at 306 Sykesville Rd, Chesterfield, NJ, 08515 priced at $399,000 converts $3,265/mo rent into $421/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,265/mo, and annual cash flow totals $5,051/yr on $132,269 invested. Return on cash invested prints 23.73% in year one, and rental yield reads 9.82% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 124.55% and total cumulative return in cash sums $164,738. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,265/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08515, Crosswicks, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,028 (100%) |
| Owner Occupied HU | 1,834 (90.4%) |
| Renter Occupied HU | 144 ( 7.1%) |
| Vacant Housing Units | 50 ( 2.5%) |
| Median Home Value | $587,924 |
| Average Home Value | $593,693 |
Housing Distribution
Address Breakdown
Residential
1,987
Single Family
1,987
Multi-Family
0
Businesses
121
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Listed by: Sharif Hatab • BHHS Fox & Roach - Robbinsville
Mls Name: Bright MLS
Mls ID: #NJBL2094294