416 Winding WayWestvilleNJ08093
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 Westville at 416 Winding Way, Westville, NJ, 08093 priced at $190,000 pairs $1,501/mo rent with $147/mo cash flow after a $930/mo payment. Total monthly income equals $1,501/mo, and annual cash flow comes to $1,760/yr on $62,985 invested. Return on cash invested is 22.7% in year one, and rental yield stands at 9.48% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 119.08% and total cumulative return in cash reaches $75,000. For financing, Ziffy Mortgage’s DSCR program evaluates $1,501/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08093, Westville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,462 (100%) |
| Owner Occupied HU | 2,542 (57.0%) |
| Renter Occupied HU | 1,611 (36.1%) |
| Vacant Housing Units | 309 ( 6.9%) |
| Median Home Value | $246,851 |
| Average Home Value | $322,610 |
Housing Distribution
Address Breakdown
Residential
4,242
Single Family
3,998
Multi-Family
244
Businesses
330
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Margie Blair-Thomas • Harvest Realty
Mls Name: Bright MLS
Mls ID: #NJGL2062128