322 Richard Mine Rd Unit N 5 #N5WhartonNJ07885
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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
Rental property for sale in Wharton at 322 Richard Mine Rd Unit N 5 #N5, Wharton, NJ, 07885 generates $1,554/mo in rent, after a $1,101/mo payment. Total monthly income is $1,554/mo. Return on cash invested sits at 14.56% in year one, and rental yield is 8.29% on a $224,888 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,132 over five years. Five-year ROI reaches 77.05% and total cumulative return in cash sums $57,442. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,554/mo property income rather than buyer’s personal income.
Condo
Built in 1971
6,098 sqft lot
$N/A/sqft
$283 monthly 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: Frederick Kolek • Lattimer Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3959570
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