31 Briarwood LnElmerNJ08318
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 Elmer at 31 Briarwood Ln, Elmer, NJ, 08318 offers $1,048/mo rent that, after a $680/mo payment, leaves $58/mo cash flow. Total monthly income is $1,048/mo, and annual cash flow is $691/yr on $46,079 cash. Return on cash invested measures 21.41% in year one, and rental yield stands at 9.05% at a $139,000 entry. Equity gained on principal adds $897/yr while 5% annual appreciation compounds into $38,403 by year five. Five-year ROI records 112.18% and total cumulative return in cash reaches $51,692. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,048/mo property income versus a $680/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08318, Elmer, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,755 (100%) |
| Owner Occupied HU | 3,883 (81.7%) |
| Renter Occupied HU | 552 (11.6%) |
| Vacant Housing Units | 320 ( 6.7%) |
| Median Home Value | $324,326 |
| Average Home Value | $429,256 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,626
Multi-Family
0
Businesses
253
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Listed by: Jessica Johnson • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJSA2017666