332 Daretown Rd, Elmer, NJ, 08318 | 7.95% Rental Yield

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332 Daretown Rd, Elmer, NJ, 08318 | 7.95% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Elmer at 332 Daretown Rd, Elmer, NJ, 08318 priced at $425,000 converts $2,815/mo rent into after a $2,080/mo obligation. Total monthly income equals $2,815/mo. Return on cash invested prints 18.08% in year one, and rental yield reads 7.95% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 94.28% and total cumulative return in cash sums $132,833. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,815/mo property income covering a $2,080/mo payment, not borrower’s personal income.

Single Family

Built in 1956

0.68 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 332 Daretown Road, Elmer a beautifully maintained 4-bedroom, 1.5-bath home in a highly desirable location. This property offers comfort, updates, and peace of mind with major improvements already completed. Step inside to find a warm, functional layout featuring new flooring, granite countertops, and a bright living area perfect for everyday living. The home also includes a full basement for additional storage or future finishing. All kitchen appliances are only 4 years old, offering efficiency and reliability. This home has been exceptionally cared for, with big-ticket items already done for you: UPDATES & FEATURES: Appliances only 4 years old New septic system in 2017 New flooring Granite countertops New well pump New furnace & central A/C (2024) Full basement Spacious yard Great location in Elmer Seller Note: Sale is contingent upon sellers securing suitable housing. They already have an accepted offer on their new home and are prepared for a quick close. Available for Showings December 1st. Selling AS-IS; Seller will do Water test, Buyer responsible for all other inspections and CO. This is a well-maintained, move-in ready home with exceptional upgrades dont miss the opportunity to make 332 Daretown Road your new address for the New Year.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08318, Elmer, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,755 (100%)
Owner Occupied HU	3,883 (81.7%)
Renter Occupied HU	552 (11.6%)
Vacant Housing Units	320 ( 6.7%)
Median Home Value	$324,326
Average Home Value	$429,256