324 E Washington AveWashingtonNJ07882
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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 Washington at 324 E Washington Ave, Washington, NJ, 07882 with 5% annual appreciation on a $250,000 basis while $2,020/mo rent supports operations. Total monthly income totals $2,020/mo and a $1,224/mo payment preserves $238/mo for cash returns. Annual cash flow comes to $2,852/yr on $82,875 deployed, and return on cash invested reaches 23.35% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 9.7%. Five-year ROI measures 122.55% and total cumulative return in cash totals $101,566.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,020/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07882, Washington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,588 (100%) |
| Owner Occupied HU | 4,513 (68.5%) |
| Renter Occupied HU | 1,719 (26.1%) |
| Vacant Housing Units | 356 ( 5.4%) |
| Median Home Value | $361,146 |
| Average Home Value | $384,518 |
Housing Distribution
Address Breakdown
Residential
6,179
Single Family
6,107
Multi-Family
72
Businesses
488
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Listed by: Magaly S Lopez • Addison Real Estate
Mls Name: GSMLS
Mls ID: #4002625