48 Watsons Mill RdElmerNJ08318
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 Elmer at 48 Watsons Mill Rd, Elmer, NJ, 08318 offers $1,097/mo rent that, after a $685/mo payment, leaves $99/mo cash flow. Total monthly income is $1,097/mo, and annual cash flow is $1,192/yr on $46,410 cash. Return on cash invested measures 22.48% in year one, and rental yield stands at 9.4% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 117.9% and total cumulative return in cash reaches $54,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,097/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
2.82 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: Eric Krwawecz • Valco Real Estate Services
Mls Name: Bright MLS
Mls ID: #NJSA2017310