508 Martinelli AveMinotolaNJ08341
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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
Rental property for sale in Minotola at 508 Martinelli Ave, Minotola, NJ, 08341 generates $2,980/mo in rent and, after a $1,664/mo payment, leaves $557/mo in cash flow. Total monthly income is $2,980/mo, and annual cash flow is $6,683/yr on $112,677 invested. Return on cash invested sits at 25.84% in year one, and rental yield is 10.52% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 135.87% and total cumulative return in cash sums $153,095. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,980/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
7,802 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08341, Minotola, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 793 (100%) |
| Owner Occupied HU | 409 (51.6%) |
| Renter Occupied HU | 344 (43.4%) |
| Vacant Housing Units | 40 ( 5.0%) |
| Median Home Value | $436,818 |
| Average Home Value | $454,407 |
Housing Distribution
Address Breakdown
Residential
775
Single Family
637
Multi-Family
138
Businesses
60
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Listed by: Federico Maldonado • Grace Properties
Mls Name: Bright MLS
Mls ID: #NJAC2022422