316 E Washington AveMagnoliaNJ08049
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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 Magnolia at 316 E Washington Ave, Magnolia, NJ, 08049 listed at $330,000 pairs $3,744/mo rent with a $1,615/mo payment to leave $1,392/mo cash flow. Total monthly income runs $3,744/mo, and annual cash flow reaches $16,704/yr on $109,395 cash to close. Return on cash invested measures 35.18% in year one, and rental yield registers 13.61% at a $330,000 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,173 by year five. Five-year ROI tracks 185.94% and total cumulative return in cash totals $203,411. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,744/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08049, Magnolia, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,242 (100%) |
| Owner Occupied HU | 1,616 (72.1%) |
| Renter Occupied HU | 532 (23.7%) |
| Vacant Housing Units | 94 ( 4.2%) |
| Median Home Value | $271,498 |
| Average Home Value | $462,888 |
Housing Distribution
Address Breakdown
Residential
2,192
Single Family
2,039
Multi-Family
153
Businesses
101
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Listed by: Fred Colon • Nest Seekers International
Mls Name: Bright MLS
Mls ID: #NJCD2102060