485 Harrison AveMantuaNJ08051
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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 Mantua at 485 Harrison Ave, Mantua, NJ, 08051 priced at $250,000 converts $1,679/mo rent into after a $1,224/mo obligation. Total monthly income equals $1,679/mo. Return on cash invested prints 18.41% in year one, and rental yield reads 8.06% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 96.08% and total cumulative return in cash sums $79,630. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,679/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08051, Mantua, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,870 (100%) |
| Owner Occupied HU | 3,695 (75.9%) |
| Renter Occupied HU | 973 (20.0%) |
| Vacant Housing Units | 202 ( 4.1%) |
| Median Home Value | $344,542 |
| Average Home Value | $364,183 |
Housing Distribution
Address Breakdown
Residential
4,695
Single Family
4,695
Multi-Family
0
Businesses
169
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Listed by: Stefanie Amber Reis • Keller Williams Realty - Wildwood Crest
Mls Name: Bright MLS
Mls ID: #NJGL2062538