343 Bayberry StBrowns MillsNJ08015
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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 Browns Mills at 343 Bayberry St, Browns Mills, NJ, 08015 generates $2,016/mo in rent and, after a $1,370/mo payment, leaves $21/mo in cash flow. Total monthly income is $2,016/mo, and annual cash flow is $248/yr on $92,820 invested. Return on cash invested sits at 20.18% in year one, and rental yield is 8.64% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 105.52% and total cumulative return in cash sums $97,941. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,016/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08015, Browns Mills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,067 (100%) |
| Owner Occupied HU | 5,818 (72.1%) |
| Renter Occupied HU | 1,598 (19.8%) |
| Vacant Housing Units | 651 ( 8.1%) |
| Median Home Value | $263,425 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
7,721
Single Family
7,585
Multi-Family
136
Businesses
202
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Listed by: Alice Cane • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJBL2093316