50 Mill StPenns GroveNJ08069
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 Penns Grove at 50 Mill St, Penns Grove, NJ, 08069 priced at $159,000 converts $1,263/mo rent into $130/mo cash flow after a $778/mo obligation. Total monthly income equals $1,263/mo, and annual cash flow totals $1,559/yr on $52,709 invested. Return on cash invested prints 22.87% in year one, and rental yield reads 9.53% against a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation compiles into $43,929 by year five. Five-year ROI reaches 119.91% and total cumulative return in cash sums $63,204. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,263/mo property income covering a $778/mo payment, not borrower’s personal income.
Single Family
Built in N/A
2,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08069, Penns Grove, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,212
Single Family
4,783
Multi-Family
429
Businesses
292
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Listed by: MICHAEL SHAMBERG • BHHS DIVERSIFIED REALTY
Mls Name: SJSRMLS
Mls ID: #600294