322 Richard Mine Rd, S5 #S5WhartonNJ07885
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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, S5 #S5, Wharton, NJ, 07885 listed at $250,000 pairs $2,172/mo rent with a $1,224/mo payment to leave $390/mo cash flow. Total monthly income runs $2,172/mo, and annual cash flow reaches $4,676/yr on $82,875 cash to close. Return on cash invested measures 25.55% in year one, and rental yield registers 10.43% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 134.34% and total cumulative return in cash totals $111,334. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,172/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Donna Lerner • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3976180