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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Laurence Harbor at 427 Lea Ave, Laurence Harbor, NJ, 08879 priced at $585,000 converts $3,899/mo rent into after a $2,863/mo obligation. Total monthly income equals $3,899/mo. Return on cash invested prints 18.37% in year one, and rental yield reads 8% against a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation compiles into $161,625 by year five. Five-year ROI reaches 95.82% and total cumulative return in cash sums $184,422. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,899/mo property income covering a $2,863/mo payment, not borrower’s personal income.
Single Family
Built in 1984
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08879, South Amboy, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,470 (100%) |
| Owner Occupied HU | 5,998 (57.3%) |
| Renter Occupied HU | 4,130 (39.4%) |
| Vacant Housing Units | 342 ( 3.3%) |
| Median Home Value | $445,825 |
| Average Home Value | $492,152 |
Residential
9,414
Single Family
8,876
Multi-Family
538
Businesses
518
Date | Event | Price |
|---|---|---|
| 2024-09-29 | Price change | $585,000 |
| 2024-09-17 | Price change | $590,000 |
| 2024-08-03 | Listed for sale | $599,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $7507.63 | 2.34% | $141,600 | N/A |
| 2022-10-16 | $7336.30 | 1.69% | $141,600 | N/A |
| 2021-10-16 | $7214.52 | -0.37% | $141,600 | N/A |
Listed by: Lana Falcicchio • BOUTIQUE REALTY
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2502159R
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC All rights reserved The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting.
