504 Scotty Blvd #1203Rio GrandeNJ08242
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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
Investment property for sale in Rio Grande at 504 Scotty Blvd #1203, Rio Grande, NJ, 08242 offers a 8.98% rental yield on a $480,990 purchase with $3,598/mo rent. Total monthly income registers $3,598/mo, and a $2,354/mo payment leaves $170/mo available for distribution. Annual cash flow reaches $2,037/yr on $159,448 to close, and return on cash invested stands at 21.19% in year one. Equity gained on principal adds $3,104/yr while 5% annual appreciation supports $132,889 over five years. Portfolio math shows five-year ROI at 110.92% and total cumulative return in cash at $176,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,598/mo property income against a $2,354/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08242, Rio Grande, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,173 (100%) |
| Owner Occupied HU | 1,384 (63.7%) |
| Renter Occupied HU | 424 (19.5%) |
| Vacant Housing Units | 365 (16.8%) |
| Median Home Value | $398,201 |
| Average Home Value | $620,233 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
1,762
Multi-Family
0
Businesses
308
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Listed by: Linda Kirk • D.R. HORTON
Mls Name: CMCAOR
Mls ID: #253060