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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 Penns Grove at 447 Park Ave, Penns Grove, NJ, 08069 priced at $100,000 converts $758/mo rent into after a $489/mo obligation. Total monthly income equals $758/mo. Return on cash invested prints 12.31% in year one, and rental yield reads 9.1% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 66.84% and total cumulative return in cash sums $22,156. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $758/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1946
5,502 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08069, Penns Grove, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,061 (100%) |
| Owner Occupied HU | 3,079 (50.8%) |
| Renter Occupied HU | 2,317 (38.2%) |
| Vacant Housing Units | 665 (11.0%) |
| Median Home Value | $209,820 |
| Average Home Value | $314,811 |
Residential
5,212
Single Family
4,783
Multi-Family
429
Businesses
292
Date | Event | Price |
|---|---|---|
| 2025-04-05 | Listed for sale | $100,000 |
| 2025-02-06 | Sold | $207,399 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-07 | $5146.69 | 3.47% | $92,800 | N/A |
| 2023-04-07 | $4974.08 | 8.41% | $92,800 | N/A |
| 2022-04-07 | $4588.03 | -1.30% | $92,800 | N/A |
Listed by: Elaine Corbin • 24-7 Real Estate, LLC
Mls Name: Bright MLS
Mls Provider:
Mls ID: #NJSA2014250
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc. [Click here for more information](/mls-disclaimers/#5632)
