346 Coolidge Ave, Carneys Point, NJ, 08069 | $11/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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346 Coolidge Ave, Carneys Point, NJ, 08069 | $11/mo Cash Flow | Ziffy

For Sale

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 Carneys Point at 346 Coolidge Ave, Carneys Point, NJ, 08069 priced at $219,900 pairs $1,578/mo rent with $11/mo cash flow after a $1,076/mo payment. Total monthly income equals $1,578/mo, and annual cash flow comes to $131/yr on $72,897 invested. Return on cash invested is 20.09% in year one, and rental yield stands at 8.61% on a $219,900 basis. Equity gained on principal adds $1,419/yr, and 5% annual appreciation accumulates to $60,754 by year five. Five-year ROI measures 105.03% and total cumulative return in cash reaches $76,564. For financing, Ziffy Mortgage’s DSCR program evaluates $1,578/mo property income against a $1,076/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1917

3,241 sqft lot

$N/A/sqft

No HOA

More details about the property

Very nice and fresh! Looking for a home you can move right into then look no further. This refreshed home was completely rehabbed 10 yrs ago and just repainted throughout. Spacious living room provides new carpet and ceiling fan. The kitchen offers lots of cabinets, plenty of counter space. tiled flooring and includes all stainless appliances, barely used. The den provides space to relax and enjoy the natural light streaming in the windows and storm door, new carpet here too. You'll find a large utility/storage closet here as well. The two bedrooms offer new carpet and ceiling fans. Nice bathroom with tiled floor. A linen closet and large coat closet provide nice storage space. 8'6" ceiling height in most rooms. A laundry room with cabinets includes the washer and dryer. Pull down attic stairs. Deck off the back door leads to large, concrete driveway, garage and storage shed.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08069, Penns Grove, NJ area.

Housing Distribution

Housing Statistics

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