53 Renee CourtJacksonNJ08527
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 Jackson at 53 Renee Court, Jackson, NJ, 08527 generates $2,875/mo in rent, after a $1,713/mo payment. Total monthly income is $2,875/mo. Return on cash invested sits at 19.54% in year one, and rental yield is 9.86% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 103.69% and total cumulative return in cash sums $120,302. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,875/mo property income rather than buyer’s personal income.
Condo
Built in 1988
871.20 sqft lot
$N/A/sqft
$416 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08527, Jackson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,842 (100%) |
| Owner Occupied HU | 17,881 (78.3%) |
| Renter Occupied HU | 3,943 (17.3%) |
| Vacant Housing Units | 1,018 ( 4.5%) |
| Median Home Value | $551,706 |
| Average Home Value | $589,090 |
Housing Distribution
Address Breakdown
Residential
21,557
Single Family
20,996
Multi-Family
561
Businesses
1,135
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane Notarfrancesco • Keller Williams Shore Properties
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22517206
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.