48 Richmond AveLumbertonNJ08048
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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
Rental property for sale in Lumberton at 48 Richmond Ave, Lumberton, NJ, 08048 generates $2,129/mo in rent, after a $1,542/mo payment. Total monthly income is $2,129/mo. Return on cash invested sits at 18.57% in year one, and rental yield is 8.11% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 96.92% and total cumulative return in cash sums $101,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,129/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
8,346 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08048, Lumberton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,026 (100%) |
| Owner Occupied HU | 3,307 (65.8%) |
| Renter Occupied HU | 1,498 (29.8%) |
| Vacant Housing Units | 221 ( 4.4%) |
| Median Home Value | $473,916 |
| Average Home Value | $506,784 |
Housing Distribution
Address Breakdown
Residential
4,887
Single Family
4,762
Multi-Family
125
Businesses
309
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Listed by: Deedra Richardson • Keller Williams Realty - Moorestown
Mls Name: Bright MLS
Mls ID: #NJBL2102118