516 Route 9 #L-9MarmoraNJ08223
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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 Marmora at 516 Route 9 #L-9, Marmora, NJ, 08223 offers a 9.22% rental yield on a $124,900 purchase with $960/mo rent. 75% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 89% and total cumulative return in cash at $36,850. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1999
N/A lot
$N/A/sqft
$2,150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08223, Marmora, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,018 (100%) |
| Owner Occupied HU | 1,396 (69.2%) |
| Renter Occupied HU | 155 ( 7.7%) |
| Vacant Housing Units | 467 (23.1%) |
| Median Home Value | $474,247 |
| Average Home Value | $549,989 |
Housing Distribution
Address Breakdown
Residential
1,745
Single Family
1,745
Multi-Family
0
Businesses
307
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Listed by: Julietta Y Morris • KELLER WILLIAMS REALTY JERSEY SHORE - SIC
Mls Name: CMCAOR
Mls Provider:
Mls ID: #250896
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