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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Villas at 31 Locust Rd, Villas, NJ, 08251 generates $1,671/mo in rent, after a $1,806/mo payment. Total monthly income is $1,671/mo. Return on cash invested sits at 10.5% in year one, and rental yield is 5.43% on a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 53.61% and total cumulative return in cash sums $65,583. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,671/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
5,001 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08251, Villas, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,477 (100%) |
| Owner Occupied HU | 3,461 (53.4%) |
| Renter Occupied HU | 832 (12.8%) |
| Vacant Housing Units | 2,184 (33.7%) |
| Median Home Value | $365,842 |
| Average Home Value | $440,472 |
Residential
5,043
Single Family
5,043
Multi-Family
0
Businesses
127
Date | Event | Price |
|---|---|---|
| 2025-04-21 | Listed for sale | $369,000 |
| 1987-12-17 | Sold | $43,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $2049.25 | -1.56% | $104,500 | N/A |
| 2023-04-22 | $2081.65 | 21.93% | $104,500 | N/A |
| 2022-04-22 | $1707.29 | 1.93% | $104,500 | N/A |
Listed by: Christopher Romo • Tim Kerr Sotheby's International Realty
Mls Name: CMCAOR
Mls Provider:
Mls ID: #251187
Disclaimer: Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.
