308 Snowgoose LnMullica HillNJ08062
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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 Mullica Hill at 308 Snowgoose Ln, Mullica Hill, NJ, 08062 priced at $560,000 converts $3,435/mo rent into after a $2,741/mo obligation. Total monthly income equals $3,435/mo. Return on cash invested prints 16.43% in year one, and rental yield reads 7.36% against a $560,000 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation compiles into $154,718 by year five. Five-year ROI reaches 85.43% and total cumulative return in cash sums $157,397. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,435/mo property income covering a $2,741/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08062, Mullica Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,084 (100%) |
| Owner Occupied HU | 5,204 (85.5%) |
| Renter Occupied HU | 648 (10.7%) |
| Vacant Housing Units | 232 ( 3.8%) |
| Median Home Value | $555,112 |
| Average Home Value | $561,427 |
Housing Distribution
Address Breakdown
Residential
6,008
Single Family
5,944
Multi-Family
64
Businesses
390
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Listed by: Jody McQuade • Home and Heart Realty
Mls Name: Bright MLS
Mls ID: #NJGL2066416