322 Richard Mine Rd N4WhartonNJ07885
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 322 Richard Mine Rd N4, Wharton, NJ, 07885 in Wharton: $2,465/mo in rent, $308/mo in net income, 11.83% gross yield, 2.19 DSCR, all at $250,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $69,070 in appreciation and $2,303/yr in principal paydown projects total cumulative return of $139,801.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 6.2% |
| Monthly Cash Flow | $308 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,465 |
| Total Monthly Debt Service | $1,682 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSMLS
Mls ID: #4012779