332 Daretown RdElmerNJ08318
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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 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
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 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,626
Multi-Family
0
Businesses
253
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Listed by: Amy Sheldon • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJSA2017350