38 Evergreen Ave, Fords, NJ, 08863 | $72/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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38 Evergreen Ave, Fords, NJ, 08863 | $72/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 Fords at 38 Evergreen Ave, Fords, NJ, 08863 offers $3,992/mo rent that, after a $2,692/mo payment, leaves $72/mo cash flow. Total monthly income is $3,992/mo, and annual cash flow is $860/yr on $180,950 cash. Return on cash invested measures 20.54% in year one, and rental yield stands at 8.71% at a $550,000 entry. Equity gained on principal adds $3,549/yr while 5% annual appreciation compounds into $151,955 by year five. Five-year ROI records 107.41% and total cumulative return in cash reaches $194,362. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,992/mo property income versus a $2,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1925

4,996 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautiful home offering a perfect blend of character and modern convenience. Step inside to discover a warm and inviting living room highlighted by a stone fireplace, wood-style flooring and recessed lighting. The seamless flow continues into a renovated eat in kitchen featuring crisp cabinetry, stainless steel appliances, and the convenience of in-kitchen laundry with full-size washer and dryer. Natural light fills every room, including a versatile dining room with sliding doors that open to the backyardideal. Upstairs you'll find 3 bedrooms with ceiling fans, and ample closet space. The bathrooms have been tastefully updated with sleek tile, a modern shower, and quality fixtures. Outside, enjoy a private, fenced-in yard perfect for entertaining with a patio, deck, and room to relax. Additional features include a newer electric panel, efficient baseboard heating, and thoughtful upgrades throughout. Parking is never an issue with a large driveway that accommodates multiple vehicles. Located in a desirable neighborhood, this home is close to schools, shopping, dining, and major highways offering both convenience and community. With its thoughtful renovations, charming details, and functional layout, This move-in ready home is a wonderful opportunity for today's buyer don't miss your chance to make it yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 08863, Fords, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,779 (100%)
Owner Occupied HU	3,208 (67.1%)
Renter Occupied HU	1,399 (29.3%)
Vacant Housing Units	172 ( 3.6%)
Median Home Value	$460,987
Average Home Value	$501,607