508 5th AveBarringtonNJ08007
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
Investment property for sale in Barrington at 508 5th Ave, Barrington, NJ, 08007 offers a 9.66% rental yield on a $365,000 purchase with $2,939/mo rent. Total monthly income registers $2,939/mo, and a $1,786/mo payment leaves $338/mo available for distribution. Annual cash flow reaches $4,054/yr on $120,998 to close, and return on cash invested stands at 23.26% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 122.04% and total cumulative return in cash at $147,667. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,939/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08007, Barrington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,620 (100%) |
| Owner Occupied HU | 1,399 (53.4%) |
| Renter Occupied HU | 1,061 (40.5%) |
| Vacant Housing Units | 160 ( 6.1%) |
| Median Home Value | $294,851 |
| Average Home Value | $341,224 |
Housing Distribution
Address Breakdown
Residential
2,359
Single Family
1,737
Multi-Family
622
Businesses
176
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew Mascieri • KW Empower
Mls Name: Bright MLS
Mls ID: #NJCD2107994