322 Richard Mine Rd N4 BLDG N #4WhartonNJ07885
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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 Richard Mine Rd N4 BLDG N #4, Wharton, NJ, 07885 uses $82,875 cash to close to unlock $6,140/yr annual cash flow and $512/mo monthly cash flow. Total monthly income runs $2,294/mo, and a $1,224/mo payment keeps the spread at $512/mo. Purchase price stands at $250,000, and rental yield measures 11.01% with $2,294/mo rent. Return on cash invested shows 27.32% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 143.79% and total cumulative return in cash records $119,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,294/mo property income covering a $1,224/mo payment rather than investor’s personal income.
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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Listed by: Valerie Picardi • Keller Williams Integrity
Mls Name: GSMLS
Mls ID: #4002541