322 Richard Mine Rd X2WhartonNJ07885
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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
Investment Highlights
Investment property for sale in Wharton at 322 Richard Mine Rd X2, Wharton, NJ, 07885 earns from $1,941/mo rent with a $1,370/mo payment. Total monthly income totals $1,941/mo. ROI tracks 15.29% on current figures, and rental yield reads 8.32% at a $280,000 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 over five years. Five-year ROI reaches 80.72% and total cumulative return in cash sums $74,925. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,941/mo property income instead of your personal income.
Condo
Built in 1971
6,098 sqft lot
$N/A/sqft
$303 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: Honoree Barilla • C-21 Christel Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942216
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