4 Albert DriveParlinNJ08859
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 Parlin at 4 Albert Drive, Parlin, NJ, 08859 priced at $399,000 pairs $3,428/mo rent with $584/mo cash flow after a $1,953/mo payment. Total monthly income equals $3,428/mo, and annual cash flow comes to $7,007/yr on $132,269 invested. Return on cash invested is 25.21% in year one, and rental yield stands at 10.31% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 132.48% and total cumulative return in cash reaches $175,226. For financing, Ziffy Mortgage’s DSCR program evaluates $3,428/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08859, Parlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 5,514 (58.1%) |
| Renter Occupied HU | 3,570 (37.6%) |
| Vacant Housing Units | 410 ( 4.3%) |
| Median Home Value | $478,704 |
| Average Home Value | $541,004 |
Housing Distribution
Address Breakdown
Residential
9,233
Single Family
8,841
Multi-Family
392
Businesses
428
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Listed by: Rosemarie Collins • Coldwell Banker Realty
Mls Name: MoreMLS
Mls ID: #22532301