516 Route 9 #W-6MarmoraNJ08223
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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 #W-6, Marmora, NJ, 08223 uses $44,753 cash to close to unlock $15,100/yr annual cash flow and $1,258/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $661/mo payment keeps the spread at $1,258/mo. Purchase price stands at $135,000, and rental yield measures 21.33% with $2,400/mo rent. Return on cash invested shows 53.65% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 286.83% and total cumulative return in cash records $128,365. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $661/mo payment rather than investor’s personal income.
Manufactured
Built in 1993
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: #251968
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