505 Cole PlLandingNJ07850
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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 Landing at 505 Cole Pl, Landing, NJ, 07850 priced at $334,500 pairs $2,768/mo rent with $384/mo cash flow after a $1,637/mo payment. Total monthly income equals $2,768/mo, and annual cash flow comes to $4,607/yr on $110,887 invested. Return on cash invested is 24.06% in year one, and rental yield stands at 9.93% on a $334,500 basis. Equity gained on principal adds $2,158/yr, and 5% annual appreciation accumulates to $92,416 by year five. Five-year ROI measures 126.34% and total cumulative return in cash reaches $140,095. For financing, Ziffy Mortgage’s DSCR program evaluates $2,768/mo property income against a $1,637/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07850, Landing, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,531 (100%) |
| Owner Occupied HU | 1,903 (75.2%) |
| Renter Occupied HU | 505 (20.0%) |
| Vacant Housing Units | 123 ( 4.9%) |
| Median Home Value | $431,478 |
| Average Home Value | $563,791 |
Housing Distribution
Address Breakdown
Residential
2,510
Single Family
2,490
Multi-Family
20
Businesses
159
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Listed by: Lynn Martini • Re/Max House Values
Mls Name: GSMLS
Mls Provider:
Mls ID: #3952293
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