323 Mill RdBurlingtonNJ08016
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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 Burlington at 323 Mill Rd, Burlington, NJ, 08016 uses $107,704 cash to close to unlock $8,213/yr annual cash flow and $684/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,590/mo payment keeps the spread at $684/mo. Purchase price stands at $324,900, and rental yield measures 11.08% with $3,000/mo rent. Return on cash invested shows 27.53% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 144.99% and total cumulative return in cash records $156,161. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08016, Burlington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,052 (100%) |
| Owner Occupied HU | 9,106 (64.8%) |
| Renter Occupied HU | 4,072 (29.0%) |
| Vacant Housing Units | 874 ( 6.2%) |
| Median Home Value | $380,853 |
| Average Home Value | $397,338 |
Housing Distribution
Address Breakdown
Residential
13,476
Single Family
12,745
Multi-Family
731
Businesses
973
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Listed by: Cathy Hutchison • RE/MAX at Home
Mls Name: Bright MLS
Mls ID: #NJBL2102804