469 Olivet RdPittsgroveNJ08318
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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
Investment Highlights
Investment property for sale in Pittsgrove at 469 Olivet Rd, Pittsgrove, NJ, 08318 with 5% annual appreciation on a $325,000 basis while $2,332/mo rent supports operations. Total monthly income totals $2,332/mo and a $1,591/mo payment preserves $15/mo for cash returns. Annual cash flow comes to $182/yr on $107,738 deployed, and return on cash invested reaches 20.08% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 8.61%. Five-year ROI measures 105.02% and total cumulative return in cash totals $113,149.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,332/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
1.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08318, Elmer, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,755 (100%) |
| Owner Occupied HU | 3,883 (81.7%) |
| Renter Occupied HU | 552 (11.6%) |
| Vacant Housing Units | 320 ( 6.7%) |
| Median Home Value | $324,326 |
| Average Home Value | $429,256 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,626
Multi-Family
0
Businesses
253
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Listed by: Susan Rumpp • Exit Homestead Realty Professi
Mls Name: Bright MLS
Mls ID: #NJSA2015424