322 M5Richard Mine Rd BLDG M #5WhartonNJ07885
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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 Wharton at 322 M5Richard Mine Rd BLDG M #5, Wharton, NJ, 07885 offers a 0% rental yield on a $279,900 purchase with $0/mo rent. 89% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07885, Wharton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,971 (100%) |
| Owner Occupied HU | 3,052 (61.4%) |
| Renter Occupied HU | 1,587 (31.9%) |
| Vacant Housing Units | 332 ( 6.7%) |
| Median Home Value | $417,827 |
| Average Home Value | $454,671 |
Housing Distribution
Address Breakdown
Residential
5,595
Single Family
4,794
Multi-Family
801
Businesses
309
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No similar rental properties found nearby.
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Listed by: Alan Blum • Fathom Realty Nj
Mls Name: GSMLS
Mls ID: #4001111