315 W Reading AvePleasantvilleNJ08232
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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
Investment property for sale in Pleasantville at 315 W Reading Ave, Pleasantville, NJ, 08232 with 5% annual appreciation on a $280,000 basis while $3,180/mo rent supports operations. Total monthly income totals $3,180/mo and a $1,370/mo payment preserves $1,093/mo for cash returns. Annual cash flow comes to $13,118/yr on $92,820 deployed, and return on cash invested reaches 34.04% in year one. Equity gained on principal adds $1,807/yr, and five-year appreciation sums $77,359 alongside rental yield of 13.63%. Five-year ROI measures 180.32% and total cumulative return in cash totals $167,373.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,180/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
8,550 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08232, Pleasantville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,662 (100%) |
| Owner Occupied HU | 3,379 (44.1%) |
| Renter Occupied HU | 3,760 (49.1%) |
| Vacant Housing Units | 523 ( 6.8%) |
| Median Home Value | $257,981 |
| Average Home Value | $336,699 |
Housing Distribution
Address Breakdown
Residential
6,651
Single Family
6,029
Multi-Family
622
Businesses
674
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Listed by: Stephen Bygrave • LEVIN COMMERCIAL REAL ESTATE, LLC
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #591701
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.