504 Castlebay DrWilliamstownNJ08094
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 Williamstown at 504 Castlebay Dr, Williamstown, NJ, 08094 priced at $489,900 converts $3,738/mo rent into $246/mo cash flow after a $2,398/mo obligation. Total monthly income equals $3,738/mo, and annual cash flow totals $2,951/yr on $162,402 invested. Return on cash invested prints 21.73% in year one, and rental yield reads 9.16% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 113.8% and total cumulative return in cash sums $184,817. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,738/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2020
7,144 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08094, Williamstown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,916 (100%) |
| Owner Occupied HU | 13,113 (77.5%) |
| Renter Occupied HU | 2,989 (17.7%) |
| Vacant Housing Units | 814 ( 4.8%) |
| Median Home Value | $338,345 |
| Average Home Value | $360,444 |
Housing Distribution
Address Breakdown
Residential
16,390
Single Family
15,137
Multi-Family
1,253
Businesses
776
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Basile • Keller Williams Realty - Washington Township
Mls Name: Bright MLS
Mls ID: #NJGL2066870