355 Norfolk StBrowns MillsNJ08015
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 355 Norfolk St, Browns Mills, NJ, 08015 priced at $379,900 pairs $3,040/mo rent with $333/mo cash flow after a $1,859/mo payment. Total monthly income equals $3,040/mo, and annual cash flow comes to $3,991/yr on $125,937 invested. Return on cash invested is 23.08% in year one, and rental yield stands at 9.6% on a $379,900 basis. Equity gained on principal adds $2,451/yr, and 5% annual appreciation accumulates to $104,959 by year five. Five-year ROI measures 121.07% and total cumulative return in cash reaches $152,477. For financing, Ziffy Mortgage’s DSCR program evaluates $3,040/mo property income against a $1,859/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.37 Acres 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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Nearby investment properties with comparable prices
Listed by: Richard Lynch • Smires & Associates
Mls Name: Bright MLS
Mls Provider:
Mls ID: #NJBL2078534
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