31 Carter PlParlinNJ08859
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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
Total monthly income runs $3,461/mo, and a $2,692/mo payment. Purchase price stands at $550,000, and rental yield measures 7.55% with $3,461/mo rent. Return on cash invested shows 17.01% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 88.53% and total cumulative return in cash records $160,198. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,461/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1959
5,201 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08859, Parlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 5,514 (58.1%) |
| Renter Occupied HU | 3,570 (37.6%) |
| Vacant Housing Units | 410 ( 4.3%) |
| Median Home Value | $478,704 |
| Average Home Value | $541,004 |
Housing Distribution
Address Breakdown
Residential
9,233
Single Family
8,841
Multi-Family
392
Businesses
428
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Listed by: KAREN A. WEINS • RE/MAX WELCOME HOME
Mls Name: All Jersey MLS
Mls ID: #2606591R