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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Penns Grove at 340 S Johnson St, Penns Grove, NJ, 08069 generates $2,280/mo in rent, after a $1,689/mo payment. Total monthly income is $2,280/mo. Return on cash invested sits at 18.03% in year one, and rental yield is 7.93% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 93.98% and total cumulative return in cash sums $107,488. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08069, Penns Grove, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,061 (100%) |
| Owner Occupied HU | 3,079 (50.8%) |
| Renter Occupied HU | 2,317 (38.2%) |
| Vacant Housing Units | 665 (11.0%) |
| Median Home Value | $209,820 |
| Average Home Value | $314,811 |
Residential
5,212
Single Family
4,783
Multi-Family
429
Businesses
292
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Christy Myers • American Dream Realty of South Jersey
Mls Name: Bright MLS
Mls ID: #NJSA2017180
