308 Clements Bridge RdBarringtonNJ08007
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
Rental property for sale in Barrington at 308 Clements Bridge Rd, Barrington, NJ, 08007 priced at $389,000 converts $2,640/mo rent into after a $1,904/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 18.67% in year one, and rental yield reads 8.14% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 97.46% and total cumulative return in cash sums $125,682. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1923
9,627 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08007, Barrington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,620 (100%) |
| Owner Occupied HU | 1,399 (53.4%) |
| Renter Occupied HU | 1,061 (40.5%) |
| Vacant Housing Units | 160 ( 6.1%) |
| Median Home Value | $294,851 |
| Average Home Value | $341,224 |
Housing Distribution
Address Breakdown
Residential
2,359
Single Family
1,737
Multi-Family
622
Businesses
176
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Ryan • Keller Williams Realty - Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJCD2109620