521 Pasadena DrMagnoliaNJ08049
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
Rental property for sale in Magnolia at 521 Pasadena Dr, Magnolia, NJ, 08049 offers $3,066/mo rent that, after a $1,884/mo payment, leaves $322/mo cash flow. Total monthly income is $3,066/mo, and annual cash flow is $3,866/yr on $127,628 cash. Return on cash invested measures 22.94% in year one, and rental yield stands at 9.56% at a $385,000 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,368 by year five. Five-year ROI records 120.33% and total cumulative return in cash reaches $153,574. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,066/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08049, Magnolia, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,242 (100%) |
| Owner Occupied HU | 1,616 (72.1%) |
| Renter Occupied HU | 532 (23.7%) |
| Vacant Housing Units | 94 ( 4.2%) |
| Median Home Value | $271,498 |
| Average Home Value | $462,888 |
Housing Distribution
Address Breakdown
Residential
2,192
Single Family
2,039
Multi-Family
153
Businesses
101
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Listed by: Michael Tippin • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJCD2098612