315 Algonquin TrailBrowns MillsNJ08015
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 Browns Mills at 315 Algonquin Trail, Browns Mills, NJ, 08015 priced at $350,000 converts $2,984/mo rent into $489/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,984/mo, and annual cash flow totals $5,872/yr on $116,025 invested. Return on cash invested prints 24.97% in year one, and rental yield reads 10.23% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 131.23% and total cumulative return in cash sums $152,258. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,984/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1956
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08015, Browns Mills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,067 (100%) |
| Owner Occupied HU | 5,818 (72.1%) |
| Renter Occupied HU | 1,598 (19.8%) |
| Vacant Housing Units | 651 ( 8.1%) |
| Median Home Value | $263,425 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
7,721
Single Family
7,585
Multi-Family
136
Businesses
202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ann Marie Ramos • Better Homes and Gardens Real Estate Murphy & Co
Mls Name: MoreMLS
Mls ID: #22529171