340 N Prospect StWashingtonNJ07882
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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 Washington at 340 N Prospect St, Washington, NJ, 07882 priced at $337,500 converts $2,259/mo rent into after a $1,652/mo obligation. Total monthly income equals $2,259/mo. Return on cash invested prints 18.33% in year one, and rental yield reads 8.03% against a $337,500 entry. Equity gained on principal adds $2,178/yr, while 5% annual appreciation compiles into $93,245 by year five. Five-year ROI reaches 95.66% and total cumulative return in cash sums $107,029. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,259/mo property income covering a $1,652/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.45 Acres 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: Kiera Michelle Stone • Realty One Group Next Door
Mls Name: GSMLS
Mls ID: #4001050