516 Route 9 S #W6MarmoraNJ08223
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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 S #W6, Marmora, NJ, 08223 earns $94/mo cash flow from $1,056/mo rent with a $661/mo payment. Total monthly income totals $1,056/mo, and annual cash flow totals $1,122/yr on $44,753 capital. ROI tracks 22.42% on current figures, and rental yield reads 9.39% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 117.58% and total cumulative return in cash sums $52,621. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,056/mo property income instead of your personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
No 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: Julie Morris • Keller Williams Realty - Wildwood Crest
Mls Name: Bright MLS
Mls ID: #NJCM2005550